Simpson Thacher recently represented RBS, Barclays, Citigroup and the other initial purchasers in connection with an offering by Continental Wind, LLC (“Continental Wind”) of an aggregate of $613 million of 6.000% Senior Secured Notes due 2033 pursuant to Rule 144A and Regulation S.  The Firm also represented Crédit Agricole, RBS, Barclays and Citigroup, as joint lead arrangers, and Crédit Agricole, as administrative agent, in connection with $141 million of credit facilities, consisting of a $131 million letter of credit facility and a $10 million working capital facility.

Continental Wind indirectly owns thirteen wind generation projects located in Kansas, Idaho, Oregon, New Mexico, Michigan and Texas, all of which are currently in operation and have a total net capacity of approximately 667 megawatts.  Continental Wind is, through Continental Wind Holding, LLC and Exelon Wind, LLC, an indirect wholly-owned subsidiary of Exelon Generation Company, LLC, which is in turn, a wholly-owned subsidiary of Exelon Corporation.

Exelon Corporation is a utility services holding company engaged, through its principal subsidiary, Exelon Generation Company, LLC, in the energy generation business, and through its principal subsidiaries, Commonwealth Edison Company, PECO Energy Company and Baltimore Gas & Electric Company, in the purchase and regulated retail sale of electricity and natural gas and the provision of transmission and distribution services to retail customers in northern Illinois, Pennsylvania and central Maryland.

The Simpson Thacher team includes Ken Wyman, Amy Beller, Brett Pearlman, Nicole Tague and Maria Carolina Gonzalez Diaz (Project Finance/Credit); David Lieberman, Ryan Bekkerus, Lauren Yoon, Joia Lee and Judy Huang (Capital Markets); Mardi Merjian and Matthew Kopko (Real Estate); Brian Chisling (Regulatory); Jamin Koslowe and Daniel Avezbaki (Employee Benefits); Mike Isby (Environmental); Andrew Purcell (Tax); and Sandy Qusba and Jason Friedman (Restructuring).