Tenaska Amends Financing for Natural Gas-fueled Power Plant in Pennsylvania
September 04,2019
Tenaska Pennsylvania Partners, LLC, closed on the retail syndication of its recently amended commercial financing on its 940-megawatt (MW) Tenaska Westmoreland Generating Station.
The amendment reduced the total amount of the facilities from $780 million to $760 million, while extending the maturity by two years.
The plant, located near Smithton in South Huntingdon Township, Westmoreland County, began commercial operation in December 2018.
BNP Paribas acted as the syndication agent and also, along with Industrial and Commercial Bank of China, Limited, KEB Hana Bank and MUFG Union Bank, N.A., led the bank group for the amendment.