Case Study

Financing Supports Preeminent Energy-Focused Private Equity Firm's Activities

Financing Supports Preeminent Energy-Focused Private Equity Firm's Activities

Challenge Hobbs Power Funding Holdings, LLC is a holding company formed to indirectly own Hobbs Generation Station, a 604 MW gas-fired combined-cycle power plant in Hobbs, New Mexico. Hobbs is wholly-owned by Arclight Capital Partners, LLC - a premier financial sponsor in the energy sector. Arclight sought to increase the leverage on the project, after it entered commercial operation, but did not want to restructure the original project debt. S

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