ArcLight Capital Partners
Hobbs Power Funding - Supporting a preeminent energy-focused private equity firm’s activities
Siemens Financial Services was a $25 million participant in a senior secured loan facility for an ArcLight Group affiliate, Mackinaw Power Holdings, LLC.
SFS also funded a $42.5 million senior term loan for Hobbs Power Funding, which is sponsored by ArcLight Capital Partners.
SFS responded to Arclight’s financing needs by providing a superior liquidity option relative to other capital providers.
SFS proposed a structured holding company loan and was able to quickly complete its due diligence to underwrite the transaction.
Holding company debt is a type of financing that is not widely available in the market due to its complexity and structural subordination to the senior project debt, but SFS was able to leverage a broad suite of financial solutions in order to offer the customer a unique financing structure for this project.