AlphaGen Completes Major $750 Million Senior Notes Offering

AlphaGen Completes Successful Senior Notes Offering

HOUSTON - Alpha Generation, LLC, widely known as AlphaGen, proudly announces the successful completion of its recent offering, raising an impressive $750 million in aggregate principal amount through senior notes with a fixed interest rate of 6.250% due in 2034. This noteworthy achievement underlines AlphaGen's commitment to its strategic objectives in the power infrastructure sector.

Strategic Use of Proceeds

The proceeds from this substantial offering will primarily be allocated towards general corporate purposes, reinforcing AlphaGen's capacity to implement strategic initiatives that enhance operational efficiency. The senior notes will be backed by several subsidiaries of AlphaGen, responsible for guaranteeing both the new notes and existing financial obligations, including other senior secured loans.

Management's Insights on the Offering

Stacey Peterson, the Chief Financial Officer of AlphaGen, expressed, "We are pleased to share the success of our latest notes offering. Following our inaugural financing, this outcome serves as a testament to the strong confidence our investors have in our power infrastructure portfolio and the ongoing improvements made by our talented team." This sentiment reflects AlphaGen's robust position within the energy market.

Regulatory Compliance and Market Position

It is important to note that these notes and accompanying guarantees were offered exclusively to qualified institutional buyers under Rule 144A of the Securities Act of 1933. Moreover, outside the United States, they were made available to individuals who do not meet the definition of "U.S. persons" in compliance with Regulation S. It is crucial for prospective investors to be aware that the notes have not been registered under the Securities Act and cannot be sold or offered in the U.S. without registration or exemptions.

Key Partnerships and Legal Representation

Morgan Stanley played a pivotal role as the lead financing bank for this offering. In addition, the legal framework supporting AlphaGen's notes offering was reinforced by the expertise of White & Case LLP, which served as counsel, while Cahill Gordon & Reindel LLP advised on behalf of Morgan Stanley and other lead arrangers.

About AlphaGen

AlphaGen is not just another player in the energy sector; it is a strategic entity formed by an affiliate of ArcLight Capital Partners, LLC, focused on owning and managing critical power infrastructure. By delivering reliable, secure, safe, and sustainable power sources, AlphaGen aims to meet the escalating demand for energy, particularly driven by electrification and the burgeoning growth of data centers. The company is represented by a proficient senior management team via Alpha Generation Services, LLC, emphasizing strategic and operational excellence to create significant value while managing risks effectively.

Currently, AlphaGen oversees an extensive portfolio, boasting over 11,000 megawatts of power infrastructure across four major Regional Transmission Organizations (RTOs): PJM, NYISO, ISONE, and CAISO. This robust infrastructure positions AlphaGen at the forefront of the energy landscape, ready to adapt to changing market demands.

Frequently Asked Questions

What is the total amount AlphaGen has raised through the notes offering?

AlphaGen has successfully raised $750 million through its senior notes offering.

What is the interest rate on the senior notes?

The senior notes have a fixed interest rate of 6.250%.

Who is the Chief Financial Officer of AlphaGen?

Stacey Peterson holds the position of Chief Financial Officer at AlphaGen.

What will the proceeds from the notes offering be used for?

The proceeds will primarily be allocated for general corporate purposes.

How much power infrastructure does AlphaGen own?

AlphaGen owns over 11,000 megawatts of power infrastructure across four major RTO markets.

About The Author

Hi there, As a writer and financial specialist, Henry Turner is passionate about guiding people through the complex world of finance. Having worked in finance for many years, I am an expert at simplifying difficult financial ideas into understandable, useful insights for my blog and articles. My goal is to arm you with the confidence and information you need to make wise financial choices.

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