Transactions
Capistrano Wind Partners
$460,000,000 Preferred Equity Placement provided by:
TIAA-CREF, CIRI, AMP Capital
Edison Mission Energy (EME), a subsidiary of Edison Mission Group, closed an initial $460 million private placement of preferred equity which will be used by EME to fund the equity in Capistrano Wind Partners, LLC, a new company that will support and fund the continued growth and development of wind energy projects across North America. The initial investors in the issue are TIAA-CREF and Cook Inlet Region, Inc. (CIRI). Capistrano Wind Partners, LLC will invest in a high-quality, diversified portfolio of U.S. wind projects, each of which will be acquired from EMG.
Marathon Capital as exclusive financial advisor to Edison Mission Energy.