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Siemens Financial Services, Inc. Provides $42.5 Million Holdco Loan for Hobbs Power Funding, LLC.

Publication: PR Newswire
Publication Date: 10-FEB-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Financing Supports Preeminent Energy-Focused Private Equity Firm's Activities

ISELIN, N.J., Feb. 10 /PRNewswire-FirstCall/ -- Siemens Financial Services, Inc. (SFS Inc.) today announced it has funded and underwritten a $42.5 million senior term loan for Hobbs Power Funding, LLC (Hobbs). Hobbs is the holding company that indirectly owns a power plant in New Mexico sponsored by ArcLight Capital Partners, LLC (ArcLight), a leading energy investment firm.

(Logo: http://www.newscom.com/cgi-bin/prnh/20070904/SIEMENSLOGO)

"SFS Inc. is pleased to be the sole capital provider in this holdco financing structure. We are proud...

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