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

Publication: Energy Weekly News
Publication Date: 27-FEB-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Siemens Financial Services, Inc. (SFS Inc.) 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.

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

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