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Edgewater Generation, L.L.C. -- Moody's affirms Ba3 rating on Edgewater Generation L.L.C.'s senior secured credit facilities; outlook stable

Moody's Investors Service ("Moody's") affirmed the Ba3 rating assigned to Edgewater Generation L.L.C.'s senior secured credit facilities in light of its proposal to use the $100 million incremental borrowing allotment under its term loan facility to acquire a third power plant for the portfolio. Pro-forma for the acquisition, Edgewater Generation's senior secured credit facilities will consist of a $1.025 billion term loan due 2025, a $60 million revolving credit facility due 2023 and a $65 million standalone letter of credit facility due 2023. The Ba3 rating for Edgewater's secured credit facilities underscores our view that Fairless Energy Center remains the portfolio's anchor asset and primary cash flow contributor.