The limited recourse term loan has a variable interest rate and matures in December 2029.
The company intends to use the proceeds of the loan to reimburse, in part, capital contributions made by NextEra Energy to develop and build the wind energy projects.
The loan is secured by liens on the wind generation assets, and the ownership interest in Redwood Trails Wind.
NextEra Energy vice chairman and CFO Moray Dewhurst said securing an 18-year tenor at attractive interest rates in the current bank market is a testament to both the strength of the portfolio and the strength of the company’s banking relationships.
