Cahill Advises Financing Sources on $1 Billion Financing for FTAI Infrastructure’s Long Ridge Energy LLC
Date: 02/25/25
Cahill advised the financing sources on a $600 million senior secured notes offering and $400 million term loan for Long Ridge Energy LLC (an FTAI Infrastructure owned company which owns and operates a 485 megawatt natural gas fired combined cycle power plant and gas production assets in Ohio).
Proceeds from the financing were used to pay down existing first and second lien debt obligations, fund specified reserves and for general corporate purposes.
This hybrid financing reflects Cahill’s project finance capabilities as the firm continues to lead the market in investment bank advisory for U.S. leveraged finance transaction. In 2024, the firm ranked #1 in U.S. leveraged loans and U.S. high yield corporate bonds with a 28% and 22% market share by volume, respectively.*
*Bloomberg