News Releases

Baker Botts Represents Clearway Energy Group LLC in $775 Million Credit Facility

Release

Deal Description: On September 27, 2021, Clearway Energy Group LLC (“CEG”) amended and restated its Credit Agreement with a syndicate of lenders and Natixis, New York Branch, as administrative agent. The Amended and Restated Credit Agreement increased the term loan commitments to $175 million, increased the revolving credit commitments to $300 million and provides for a separate letter of credit facility with aggregate commitments of $300 million.

Baker Botts represented CEG in the transaction.

CEG is one of the largest owner-operators of wind, solar and energy storage projects in the United States, with an extensive development pipeline comprised of nearly 16 GW of projects across regulated and deregulated regions. CEG also owns the controlling interest in Clearway Energy, Inc. (NYSE: CWEN, CWEN.A), a leading publicly traded energy infrastructure investor focused on modern, sustainable and long-term contracted assets across North America.

Clearway Energy’s press release can be found here.

Baker Botts Lawyers/Offices Involved:

Finance: Martin Toulouse (Partner; New York), Taylor Courtade (Associate; Dallas) and Regan Vicknair (Associate; Houston), with assistance from Lyman Paden (Senior Counsel; Houston), Matt Fusina (Special Counsel; Washington D.C.) and Jeff Kayes (Partner; San Francisco)

 

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