Press Release

Kirkland Counsels Lenders on Financing of Guernsey Power Project

Kirkland & Ellis advised the lenders on the financing for the approximately 1,875 megawatt Guernsey natural-gas-fueled electric generation facility in Ohio. The $1.075 billion financing was led by Investec Bank. Caithness Energy was the sponsor, with BlackRock providing preferred equity and AMP Capital providing mezzanine debt for the project.

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The Kirkland team was led by debt finance partners Rohit Chaudhry and Kelann Stirling, and included debt finance partner Ginger Collier and associate Tina Zheng; regulatory partner Brooksany Barrowes and associate Drew Stuyvenberg; environmental transactions partner Alexandra Farmer and associate James Dolphin; and corporate partner Drue Santora and associate Carlos Moran.