Morgan Stanley and MUFG Provide Financing for Compass Power Generation, L.L.C.

December 22, 2017

New York – Paul Hastings LLP, a leading global law firm, announced today that the firm represented Morgan Stanley Senior Funding, Inc. and The Bank of Tokyo-Mitsubishi UFJ, Ltd. as lead arrangers with respect to financing provided to Compass Power Generation L.L.C. and its natural gas-fired power plant portfolio companies. The financing consisted of a $750,000,000 term loan facility, a $60,000,000 revolving credit facility and a $97,000,000 letter of credit facility, the proceeds of which were used to refinance existing debt, fund capital expenditures and make a dividend. Compass Power, a portfolio company of Starwood Energy Group Global, LLC, specializes in value-add power generation, transmission and storage energy projects.
Leveraged Finance partner John Cobb led the Paul Hastings team, which also included of counsels Marisa Sotomayor and Shekhar Kumar and associates Mitchell Zuckerman, Maciej Zielnik and Melanie Sedrish.

The Paul Hastings Leveraged Finance team consists of more than 100 lawyers focusing on key markets across Asia, Europe, Latin America, and the U.S. Our lawyers advise many of the largest and most sophisticated financial institutions around the world. The Leveraged Finance team recently advised on the financings for several high-profile deals, including the $3.55 billion financing in connection with Meredith Corporation’s acquisition of Time Inc.; the $4.75 billion financing for Bass Pro Group, LLC’s acquisition of Cabela’s Incorporated; the $575 million financing of GTCR’s strategic investment in Vivid Seats; the $2 billion refinancing for Gardner Denver, Inc.; the acquisition of DigitalGlobe, Inc. by MacDonald, Dettwiler and Associates; and the $9.45 billion acquisition of Energy Future Holdings by Sempra Energy.

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.