APLP Holdings Limited Partnership (APLP Holdings), a wholly owned subsidiary of the Atlantic Power Corporation (the Company) entered into new senior secured credit facilities, comprising $700 million in aggregate principal amount of senior secured term loan facilities and $200 million in aggregate principal amount of senior secured revolving credit facilities (collectively, the new credit facilities). Goldman Sachs Lending Partners LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated acted as joint bookrunners for the New Credit Facilities.
The proceeds of the new credit facilities will be used for various purposes.
Atlantic Power owns and operates a diverse fleet of power generation assets in the US and Canada. Its current portfolio consists of interests in twenty-three operational power generation projects across nine states in the US and two provinces in Canada.
APLP Holdings and the Company were represented by General Counsel Jeff Levy, in Canada, by Goodmans LLP with a team that included David Nadler, Karen Vadasz and Emily Ting (banking), Bill Gorman (corporate), Ira Barkin (real estate) and Alan Bowman and Kabir Jamal (tax); and in the United States by Chadbourne & Parke LLP with a team that included Noam Ayali, Gregory Lavigne, Noah Pollak, Rebecca Abou-Chedid (project finance).
The Lenders were represented in Canada by Osler, Hoskin & Harcourt LLP with a team that included Michael Hart, Joshua Lam and James Kelsall (banking); and in the United States by Latham & Watkins LLP with a team that included Jonathan Rod, Timothy Pisacreta and Brendan Lane (project finance), Betsy Mukamal, Kimberly Lucas and Karen Ritter (real estate) and Jiyeon Lee-Lim and Shruti Hazra (tax).