Copying and distributing are prohibited without permission of the publisher
The more things change...
01 November 2005
The rapid turnover of power assets in the US has led to a spate of leveraged financings for new entrants. Meet the new owners – familiar names, familiar management, and often the old lenders. By Tom Nelthorpe.
Read more:
[project finance]
[project finance]
[BOT]
[projectfinance]
[corporate finance]
If you are interested in the latest US power finance developments please join us at the...
US Power and Utility Finance Conference in Las Vegas on February 16-17.
For more information go to www.euromoneyseminars.com or email ofrancescone@euromoneyplc.com
-------------------------------------------------------------------------------------------------------------------
US power bankers are much more cheerful than they have been in several years. A number of banks are hiring new staff, and some institutions are expanding out of niche products and into general power finance. Investment banks are devoting more resources to the sector, if only to enhance their profitable trading operations.
Since bankers returned from holidays in early September, there have been several leveraged acquisition financings, as well as some refinancing, and one restructuring. All of these have been achieved on terms that, while frequently less attractive than the 1999-2000 boom years, are much better than would have been expected two years ago.
But these...
Take a free website trial to read this article. It’s easy to get a trial – just follow this link or email info@projectfinancemagazine.com.
Or, if you’re a subscriber or have an active trial, simply log in below to read the article.
Subscribe
Subscribers have unlimited access to all current and archive content. Start your
subscription today - click on the button below.
Subscribe
Free trial
Taking a free trial will give you access to the latest news and analysis, as
well as the online deals database, BenchBase. Start your free trial today.
Free Trial