Paul Hastings Represents Lead Arrangers on Refinancing of FREIF North American Power Credit Facilities

March 30, 2015

New York, NY - Paul Hastings LLP, a leading global law firm, announced today that the firm represented Deutsche Bank AG New York Branch, as administrative agent, and Deutsche Bank Securities Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC and Macquarie Capital (USA) Inc., as joint lead arrangers, in connection with a $250 million term loan facility, a $45 million pre-funded letter of credit facility and a $15 million cash flow revolving credit facility for FREIF NAP I Holdings III LLC, which is controlled by First Reserve Energy Infrastructure Advisors, L.L.C. and is the owner of a portfolio of natural gas fired power generation plants, the proceeds at closing of which credit facilities were used, among other things, to refinance the senior secured facilities of FREIF North American Power I, LLC, an affiliate of the borrower of the new credit facilities.

Leveraged Finance partners Michael Michetti and Randal Palach led the Paul Hastings team, which also included associates Joe Fastiggi, Heidi Spalholz and Cecilia Wang.