CPV Maryland’s Refinancing of the 745MW St. Charles Energy Center

Milbank LLP advised the lenders on the deal.

MUFG Union Bank, N.A., BNP Paribas, Mizuho Bank, Ltd. and Crédit Agricole Corporate and Investment Bank acted as lenders in connection with the $450 million refinancing provided to CPV Maryland, LLC (“CPV Maryland”), owner of a 745MW natural gas-fired power plant located in Charles County, Maryland. The refinancing consisted of a $350 million term B loan and $100 million revolver.

The Milbank deal team was led by Global Project, Energy and Infrastructure Finance partners Dan Michalchuk (Picture) and Bill Bice with associates Kristina Hokenberg, Sharaf Islam and James Fin

Involved fees earner: William Bice – Milbank LLP; Kristina Hokenberg – Milbank LLP; Sharaf Islam – Milbank LLP; Daniel Michalchuk – Milbank LLP;

Law Firms: Milbank LLP;

Clients: BNP Paribas; Crédit Agricole Corporate and Investment Bank; Mizuho Bank; MUFG Union Bank, N.A.;

Author: Martina Bellini