Panda Power Funds Secures Financing for Power Plant

Panda Power Funds affiliate Panda Sherman Power has successfully completed the financing on its planned 758-megawatt natural gas-fueled, combined-cycle power plant in Sherman, Texas. The company will immediately start construction on the 204-acre site and expects commercial operations to begin by the end of 2014. Goldman Sachs and Credit Suisse arranged the senior debt financing for the plant. Ares Capital was the documentation agent.

Panda Power Raises $420 Mln with Infrastructure Pool

Panda Power Funds said Wednesday that it has raised $420 million with its Panda Power Generation Infrastructure Fund. The pool expects to develop or acquire U.S. natural gas-fueled power plants and utility-scale solar projects in select states. Beacon Hill Financial Corp. was placement agent while Compass Advisors advised on the capital raise. Latham & Watkins was their attorney.

PEHUB Community

Join the 12503 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

Psst! Got any hot tips?

  • This field is for validation purposes and should be left unchanged.

PE HUB News Briefs

RSS Feed Widget

Marketplace

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget

Reuters VC and PE feed

RSS Feed Widget