Press Release

Morgan Lewis Advises Caithness Energy, Apex Power Group on $1.6B Financing of Guernsey Power Station

Tuesday, September 3, 2019

BOSTON, September 3, 2019: Morgan Lewis represented Caithness Energy and Apex Power Group in connection with the development and project financing of the Guernsey Power Station, an approximately 1,850 megawatt combined-cycle, natural gas-fired power generation project in southeastern Ohio. The $1.6 billion in financing includes a $950 million construction-plus-five-year senior term loan, a $125 million revolving credit facility, and more than $600 million of equity, comprised of mezzanine debt.

Caithness Energy is a privately held independent power producer specializing in the development, acquisition, operation, and management of renewable energy and natural gas development projects.

Morgan Lewis partners Rick Filosa and Mike Muller and associate Katie Ostman led the team advising Caithness Energy and Apex Power Group.