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Tenaska renews $1.5B credit facility

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Essential Energy Insights - January 2021


Tenaska renews $1.5B credit facility

Tenaska Inc. has renewed a $1.5 billion committed credit facility for a four-year term maturing March 2022, according to a March 28 news release.

The company plans to continue using the facility to finance natural gas inventory transactions and provide liquidity support to its natural gas marketing affiliates Tenaska Marketing Ventures, Tenaska Marketing Canada, Tenaska Gas de México and Tenaska Gas Storage LLC.

Tenaska said 17 lenders participated in the facility. Those include BNP Paribas, SG Americas, MUFG, Coöperatieve Rabobank and Natixis as joint lead arrangers, and ING Bank and ABN Amro Capital as senior managing agents.

Omaha, Neb.-based Tenaska is an independent power producer.