First Wind and Emera re-launch Northeast Wind
First Wind and Emera are again trying to close a seven-year term loan B for the Northeast Wind portfolio. The latest attempt comes just two months after the two pulled a $385 million financing package. Northeast Wind’s latest incarnation is a $315 million term loan B, priced at 400-425bp over Libor, with a Libor floor of 1% and an original issue discount of 1%. Standard & Poor’s (S&P) rates the debt B+....