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Kenon ( (KEN) ) has shared an update.
On February 5, 2025, Kenon Holdings Ltd.’s subsidiary, OPC Energy, announced the completion of a refinancing deal for CPV Shore LLC’s natural gas-fired power plant in New Jersey. The refinancing involves a $436 million new financing agreement, which includes a $325 million long-term loan and $111 million in credit facilities. This financial restructuring aims to enhance CPV Shore’s capital structure and strengthen its market position. Furthermore, OPC is set to increase its ownership stake in CPV Shore to 90%, pending certain conditions, potentially boosting its control and influence in the power plant’s operations.
More about Kenon
Kenon Holdings Ltd. operates in the energy sector, primarily focusing on power generation through its subsidiary OPC Energy Ltd. The company is involved in the operation of natural gas-fired power plants, with a significant presence in the New Jersey market through CPV Shore LLC.
YTD Price Performance: -3.01%
Average Trading Volume: 12,105
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $1.62B
Learn more about KEN stock on TipRanks’ Stock Analysis page.
