Kenon (KEN) has released an update.
Kenon Holdings Ltd. has announced through its subsidiary OPC Energy Ltd. that their joint venture, CPV Towantic, has successfully refinanced a $363 million debt facility, which includes a term loan and ancillary credit facilities with a SOFR-based interest rate. The refinancing agreement features a scheduled amortization and cash sweep repayment mechanisms, aiming for a significant repayment of principal over the loan’s term which matures in 2029.
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