FPL's Heartland closed
Lloyds TSB, acting as lead structuring agent and an MLA, together with a club of six other banks that came in at the MLA level, have funded a US$372.5m, eight-year bullet loan to support FPL Energy's Heartland Wind project. The financing reimburses FPL for its capital contributions to the 309MW project located on a series of sites in North Dakota and Iowa. The loan was priced at a spread over the US Prime Rate.
This content is for Subscribers only
To access full PFIe.com story content you must be a subscriber. Please use the following link to register for a Free Trial.
