Date Closed

December 20, 2012

Lead Office

Montréal

On December 20, 2012, Invenergy Wind LLC (“Invenergy”) completed the successful closing of the project financing for Phase 1 of its Des Moulins energy project (“Des Moulins”), which currently is in construction in Québec, Canada. Phase 1 of the project will consist of 59 ENERCON 2.3 MW wind turbine generators.

Upon completion, the 135.7 MW project will generate enough clean, renewable energy to power nearly 45,000 homes.  Des Moulins has a 20-year power supply contract with Hydro Québec and will connect to the Hydro-Québec TransÉnergie transmission grid.

Prudential Investment Management, Inc. acted as the Structuring and Documentation Advisor, and Sovereign Bank, N.A. acted as the Left Lead Coordinating Bank, Joint Lead Arranger, Joint Bookrunner, and Co-Syndication Agent for the transaction, which included construction, bridge, and term loans.  Rabobank Nederland-NY Branch and Union Bank. N.A also acted as Joint Lead Arrangers and Joint Bookrunners.  Sun Life Assurance Company of Canada also participated in the financing as a fixed rate note purchaser.

Invenergy, headquartered in Chicago, Illinois, develop, own and operate large-scale renewable and other clean energy generation facilities in North America and Europe.

McCarthy Tétrault LLP represented Invenergy, with a team led by Richard O'Doherty.