Cohocton Wind Watch: First Wind issues $200M in notes for new wind projects
Cohocton Wind Watch is a community citizen organization dedicated to preserve the public safety, property values, economic viability, environmental integrity and quality of life in Cohocton, NY and in surrounding townships. Neighbors committed to public service in order to achieve a reasonable vision for a Finger Lakes region worthy of future generations.


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Monday, May 23, 2011

First Wind issues $200M in notes for new wind projects

First Wind Holdings Inc. has raised $200 million by issuing notes through its subsidiary First Wind Capital LLC, which the company said it will use to pay down debt and finance new wind projects.

The senior secured notes, due 2018, were issued at par with a coupon of 10.25 percent, officials said. Credit Suisse, Deutsche Bank Securities, Goldman Sachs & Co. and RBS acted as joint book-running managers.

According to Paul Gaynor, CEO of Boston-based First Wind, the planned projects will be in the Northeast, the West and Hawaii, and should be operational “by the end of 2012.”

First Wind hatched the plan to raise funds privately after shelving a proposed initial public offering, last fall. lan B. Gaynor said at the time the company expects to complete private financing in the range of $300 million in the first half of 2011.

Earlier this month, First Wind reached an agreement with Algonquin Power and Utilities Corp. and Emera Inc. to jointly develop and operate new wind projects in the Northeast, through the formation of a new operating company, called Northeast Wind.

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Click on link to submit your SEC complaint on the
First Wind Holdings Inc. IPO public offering


TEN Reasons
Why the SEC should not allow First Wind to be listed on NASDAQ

First Wind Holdings Inc. 12/22/09 SEC S1/A IPO Filing

First Wind Holdings Inc. 7/31/08 SEC S1 IPO Filing

May 14, 2010 addition to the First Wind Holdings Inc. SEC S1A IPO Filing

August 18, 2010 amendment 7 to the First Wind Holdings Inc. SEC S1A IPO Filing

October 13, 2010 Filing update to the First Wind Holdings Inc. SEC S1A IPO Filing

New October 25, 2010 Filing update to the First Wind Holdings Inc. SEC S1A IPO Filing


FIRST WIND Lays an Egg WITHDRAWS IPO
after Wall Street no confidence in company




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