CIT GROUP INC.: Leads $140 Million Financing for California Solar Project

CIT Group Inc. (NYSE: CIT) today announced its Power and Energy business served as coordinating lead arranger for $140 million in debt financing to support construction of the Lotus Solar Farm, a 67-megawatt solar project in Madera, California. Concurrent with financial close, the project was sold by 8minute Solar Energy to Allianz Global Investors. Read More »

CIT GROUP INC: CIT Leads $204.5 Million Financing for Major New Texas Solar Project

CIT Group Inc. (NYSE: CIT) announced its Power and Energy business served as coordinating lead arranger for $204.5 million in debt financing to support construction of Holstein Solar, a 200-megawatt solar farm to be built in Nolan County, Texas. Concurrent with financial close, the project was sold by 8minute Solar Energy to Duke Energy Renewables. Read More »

VISTRA ENERGY: Announces Settlement Rate for 7.00% Tangible Equity Units

Vistra Energy Corp. (NYSE: VST) today announced the settlement rate for the stock purchase contracts that are components of the 7.00% tangible equity units (NYSE: DYN.C). Vistra (as successor in interest to Dynegy Inc.) is party to that certain purchase contract agreement dated as of June 21, 2016 (as amended and supplemented, the "Purchase Contract Agreement"), by and between Vistra and Wilmington Trust, National Association, as the purchase contract agent and as the trustee. Read More »

VISTRA ENERGY: Vistra Energy and Crius Energy Trust Agree to Amend Purchase Agreement to Reflect an Improved Purchase Price for Vistra's Pending Acquisition of Crius Energy's Attractive Retail Electricity and Gas Portfolio

Vistra and Crius Energy negotiated the amendment in response to the receipt by the Crius Energy Board of Directors of an unsolicited acquisition proposal from a third party bidder dated Feb. 14, 2019 that was higher than the purchase price previously agreed by Vistra and Crius Energy. Read More »

NEW YORK POWER AUTHORITY: Selects C3 IoT for Customer-Centric Digital Utility Transformation

C3 IoT, the leading AI and IoT software platform for digital transformation, today announced that the New York Power Authority (NYPA) has selected C3 IoT to provide the AI software foundation for NYPA’s strategic plan to empower customers to be smart, engaged stewards of their energy efficiency goals. NYPA’s statewide energy efficiency program is part of New York State’s Reforming the Energy Vision strategy to lead on climate Read More »