FPL Energy, LLC, has announced that its wholly owned subsidiary, Bison Wind, LLC, has closed a private offering of US$186 million of 6.665 percent, 24.5-year senior secured notes.
The company also announced that Bison Wind Portfolio, LLC, another wholly owned subsidiary of FPL Energy, LLC, has closed a private offering of US$20 million of 7.51 per cent, 15-year senior secured notes. The financing consisted of two projects in diverse geographic regions, representing 196.5MW of capacity. The two wind facilities are located in North Dakota and Oklahoma. FPL Energy intends to use substantially all of the net proceeds it will receive from the offerings to repay a portion of the investment made by the company in the development, acquisition and/or construction of the two wind power projects.
