Terra-Gen Power Executes $240 MM Refinancing of Holdco Debt Facilities for 831 MW Renewable Generation Portfolio

Terra-Gen Power Executes $240 MM Refinancing of Holdco Debt Facilities for 831
MW Renewable Generation Portfolio

NEW YORK, Nov. 3 /PRNewswire/ -- Terra-Gen Power, LLC (Terra-Gen), a
wholly-owned affiliate of ArcLight Capital Partners (ArcLight), announced
today that its subsidiary Terra-Gen Finance Company, LLC (Terra-Gen Finance)
has closed a $240 MM debt facility for its portfolio of 831 MW of renewable
generating assets.

The corporate debt facilities are composed of a $215 million, 2.5-year senior
secured term loan and a $25 million, 2.5-year senior secured working capital
facility. The term loan was used to refinance an existing corporate credit
facility and to pay transaction fees and expenses. The working capital
facility will be used to support the issuance of project and corporate level
letters of credit and for other general corporate purposes. The term loan
carries a coupon of L + 500bps with a 3% LIBOR floor. Upfront fees ranged
between 250-300 basis points.

Citigroup and BNP Paribas served as joint lead arrangers for the transaction.
The lender group also included participating interests from Bank of Montreal,
Barclays, Credit Suisse, Fortress, ING, Natixis, Union Bank of California, and
UBS. BNP Paribas served as Administrative Agent, Citigroup as Syndication
Agent, and Natixis and ING as Co-Documentation Agents for the lender group.
The corporate facilities were well oversubscribed and the term loan was
upsized from $200 million to $215 million one week prior to transaction
closing.

The Terra-Gen Finance portfolio includes ownership interests in 831 MWs (net)
of renewable generating capacity (387 MWs geothermal, 364 MWs wind, 80 MWs
solar) across 21 projects located in the western United States. The projects
are 100 percent contracted during the term of the facility under power
purchase agreements maturing from 2014 to 2038.

ABOUT TERRA-GEN POWER:
Terra-Gen Power is a leading renewable energy company headquartered in New
York City with offices in San Diego, Denver, and Reno. Its operating company
subsidiary Terra-Gen Finance Company owns 831 MW (net) of renewable generating
facilities across 21 projects, 20 of which are operated and managed by
Terra-Gen. Terra-Gen's development subsidiaries hold over 5,000 MW of wind,
geothermal, and solar development projects, including the 3,100 MW Alta Wind
Energy Center development project in Tehachapi, CA which is being developed by
Terra-Gen's California Highwind Power subsidiary. More information about
Terra-Gen can be found at http://www.terra-genpower.com.

ABOUT ARCLIGHT:
ArcLight is one of the world's leading energy investment firms with more than
$6.8 billion under management. ArcLight's investment team has extensive energy
investing experience, industry relationships, and asset level knowledge.
ArcLight is headquartered in Boston, Massachusetts with offices in New York
City, London, and Luxembourg. More information about ArcLight can be found at
http://www.arclightcapital.com.

SOURCE Terra-Gen Power, LLC

Jim Pagano, Chairman, President & CEO; or John O'Connor, Chief Financial
Officer, both of Terra-Gen Power, LLC, +1-646-829-3900,
contact@terra-genpower.com