Credit Suisse First Boston launched syndication last Tuesday of a $325 million facility backing private equity firm MatlinPatterson's $475 million acquisition of Duke Energy's southeast merchant generation portfolio. The deal comprises a $150 million first-lien term loan priced at LIBOR plus 4% and a $175 million second-lien term loan that went out to investors at LIBOR plus 11 3/4%. MatlinPatterson is buying the portfolio through its company KGen Partners.
CSFB Launches Duke Energy Acquisition Financing