Wind Capital Group secures $350M
Wind Capital Group has closed on $350 million of financing for the 201 megawatt Post Rock Wind Energy Project in central Kansas, which will create enough electricity to power 70,000 homes.
Financing for the downtown St. Louis-based wind energy developer’s project includes a $293 million construction loan, $63 million in term loan financing and a $20 million letter of credit facility.
BayernLB and Rabobank acted as joint bookrunners for the construction loan, along with two other mandated lead arrangers, Nord LB and Union Bank N.A. BayernLB and Rabobank also acted as co-bookrunners and mandated lead arrangers for the term loan, and Rabobank provided the letter of credit facility.
Construction on the project began last year.
Ciaran O'Brien became the CEO of Wind Capital early last year. Former CEO Tom Carnahan is now chairman of the company's board of directors.
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