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Tenaska Marshals Bank Quintet for Missouri Wind

Jan 29, 2019 - Power, Finance and Risk
Mergers and Acquisitions

Tenaska is set to reach financial close in the coming weeks on a project finance loan from five banks for a wind project in Missouri.

BNP Paribas is coordinating lead arranger on the roughly $260 million construction-to-term loan, which will finance the 236 MW Clear Creek Energy Center project in Nodaway County.

Crédit Agricole, CoBank, Helaba, KeyBancare also participating as lenders. The deal is expected to close by mid-February.

Pricing on the loan is pegged at 125 basis po...