Kenon Holdings Ltd. (KEN) Form 6-K — Oct 28, 2026
Kenon Holdings' subsidiary OPC Energy announced that CPV Generation Holdings, a wholly-owned indirect subsidiary of CPV Group LP (71% owned by OPC), entered into a new $825 million financing agreement with a syndicate of lenders covering the Shore (725 MW) and Maryland (745 MW) natural gas-fired power plants. The facility comprises a $625 million term loan B, a $125 million letter of credit facility, and a $75 million revolver, with the term loan priced at SOFR plus 2.5% and maturing on the seventh anniversary of closing.
Key figures
- Debt Amount
- 825000000
- Interest Rate
- SOFR + 2.5% (term loan B)
- Maturity Date
- Seventh anniversary of closing date (term loan)
- Term loan b
- $625 million
- Shore capacity mw
- 725
- Dividend at closing
- approximately $130 million
- Maryland capacity mw
- 745
- Opc ownership of cpv
- 71%
- Letter of credit facility
- $125 million
- Revolving credit facility
- $75 million
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