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Lenders Circle Carlyle Wind Financing

Jan 30, 2019 - Power, Finance and Risk

Lenders are preparing to wrap financing forThe Carlyle Group'sacquisition of a six-project wind portfolio in upstate New York from Noble Environmental Power.

SunTrust Robinson Humphrey is left lead on the term loan, which is expected to close by mid-February, andING Barings is also an arranger on the deal, say deal watchers.

Officials at Carlyle and ING in New York and SunTrust in Atlanta either declined to comment on the financing or did not respond to inquiries by press time.

Greentech Capital Advisorsadvised Noble on the sale process for the portfolio last year. Carlyle entered into negotiations with the seller around August, inking a purchase agreement shortly thereafter (PFR, 6/25,8/21,9/5)...