Brief: Clearway Energy, Inc. Signs Binding Agreement To Acquire A 413 MW Wind Portfolio

Clearway Energy

28/06/2022 12:28

June 28 (Reuters) - Clearway Energy Inc  CWENa.N :
    * CLEARWAY ENERGY, INC. SIGNS BINDING AGREEMENT TO ACQUIRE A
413
MW WIND PORTFOLIO
    * CLEARWAY ENERGY INC - DEAL FOR CASH CONSIDERATION OF $255
MILLION, PLUS ASSUMPTION OF APPROXIMATELY $160 MILLION OF
NON-RECOURSE DEBT
    * CLEARWAY ENERGY - DEAL EXPECTED TO PROVIDE INCREMENTAL
ANNUAL
LEVERED ASSET CAFD ON A 5-YEAR AVERAGE BASIS OF ABOUT $12-14
MILLION BEGINNING JAN 1, 2023
    * CLEARWAY ENERGY INC - EXPECTS ITS TOTAL LONG-TERM
CORPORATE
CAPITAL COMMITMENT TO ACQUIRE CAPISTRANO PORTFOLIO TO BE
APPROXIMATELY $110-130 MILLION
    * CLEARWAY ENERGY INC - EXPECTS TO FUND DEAL WITH CASH ON
HAND

Source text for Eikon:  ID:nGNX79wdqY 
Further company coverage:  CWENa.N 

 ((Reuters.Briefs@thomsonreuters.com;))