Alpha Generation (AlphaGen), owner of one of the largest power infrastructure portfolios in the United States, has completed its inaugural corporate financings, consisting of a $2 billion senior secured term loan, $1 billion of senior notes and a $700 million senior-secured revolving credit facility.
ArcLight Capital Partners, a middle-market infrastructure firm, created AlphaGen in January to provide strategic management and oversight of its power-infrastructure portfolio.
The financing transactions were part of a corporate reorganization where existing companies — including Parkway Generation, Generation Bridge and recently acquired Lordstown Energy Center — became subsidiaries of AlphaGen. Net proceeds from the term loan and notes were used to repay certain indebtedness of these subsidiaries, support commercial and strategic opportunities,
