Atlantica Announces the Acquisition of a 135 MW Renewable Energy Plant in California
/EIN News/ March 1, 2021 – Atlantica Sustainable Infrastructure plc (NASDAQ: AY) (“Atlantica”), the sustainable infrastructure company that owns a diversified portfolio of contracted assets in the energy and environment sectors, announced today that it has reached an agreement to acquire Coso Geothermal Power Holdings, LLC (“Coso”), a 135 MW geothermal power plant, from a consortium of investors (the “Consortium”) including Bardin Hill Investment Partners LP, Avenue Capital LP, Corre Partners Management, LLC and Voya Financial.
As the third largest geothermal power plant in the United States, Coso plays a critical role in supporting California’s decarbonization efforts. Atlantica’s investment is expected to be approximately US $170 million
Investment firm acquires Coso geothermal plants in California thinkgeoenergy.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thinkgeoenergy.com Daily Mail and Mail on Sunday newspapers.
March 31, 2021 Distressed investment specialist Cerberus Capital Management has hit a $2.8bn final close for its latest flagship opportunistic real estate fund.
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By Paola Aurisicchio
02 Feb 2021
Bardin Hill Investment Partners has returned to US CLO issuance after more than two years of absence. The New York-based investment management firm, previously known as Halcyon Capital Management, priced a $422m CLO named Bardin Hill CLO 2021-1 arranged by Barclays on Monday selling senior notes rated triple-A by Moody s and KBRA at 139bp over Libor. Its latest US transaction was in November 2018, a
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Credit Funds From Apollo to Diameter Tally Big Gains in 2020
Bloomberg 1/8/2021 Katherine Doherty, Sridhar Natarajan and Katia Porzecanski
(Bloomberg) They swooped in to buy the debt of pandemic-battered airlines and cruise companies. Some got in on the lucrative role of funding Hertz Global Holdings Inc.’s bankruptcy reorganization, while others made wagers against commercial real estate. Now, some of the most seasoned distressed-debt traders are totaling up big gains.
Funds run by firms from Knighthead Capital Management to Diameter Capital Partners and Apollo Global Management notched returns that in some cases are approaching 50% after capitalizing on last year’s pandemic-induced market turmoil. While not necessarily the financial world’s biggest winners in a wildly volatile year that produced a more than 16% gain in the S&P 500 Index, they outmatched peers. Distressed debt funds on average gained 11.4%, according to Hedge Fund Research Inc., while