The debt financing package includes construction facilities, a 15-year term-loan, bridging to a grant from the US Department of Energy, and ancillary credit facilities.
Debt financing was led by Dexia Credit Local and Societe General and included lenders Cobank, Banco Santander, Helaba and Lloyds TSB.
Long-term financing for Lakefield is structured as a leveraged lease.
Union Bank and MetLife, which are providing part of the construction facility, will purchase the project when it starts commercial operations.
They
