The power projects include Wildorado project in Texas with a gross generating capacity of 161MW, the San Juan Mesa project in New Mexico with a gross generating capacity of 120MW and the Elkhorn Ridge project in Nebraska with a gross generating capacity of 81MW.
EME said the transaction increased the overall financing by approximately $85m and on improved pricing, terms and conditions.
The refinancing package consists of a $227m term loan facility, and ancillary credit facilities of $28m for debt service reserve, working capital and project letter of credit requirements.
The refinancing has a tenor of ten years, and the original financing for the portfolio was closed in 2009.
