Basalt closes district energy refi
Basalt Infrastructure Partners and DCO Energy have refinanced a gas-fired district energy system in the Midwest.
MUFG was sole coordinating lead arranger on an $85 million package for Detroit Thermal, a district energy network comprising three operating gas-fired steam generation facilities and 42 miles of distribution piping in Detroit.
The deal consisted of:$75 million five-year term loan$10 million revolving credit facility
SMBC also participated in the refinancing, which cl...