Approximately $498 million of senior secured credit facilities affected
New York, July 14, 2022 — Moody’s Investors Service (“Moody’s”) has revised Oregon Clean Energy, LLC’s (OCE) outlook to stable from negative and affirmed the B1 rating on its senior secured credit facilities, consisting of a $448 million Term Loan B due March 2026 and a $50 million working capital facility due March 2024.
Affirmations:
..Issuer: Oregon Clean Energy, LLC
….Senior Secured Bank Credit Facility, Affirmed B1
Outlook Actions:
..Issuer: Oregon Clean Energy, LLC
….Outlook, Changed To Stable From Negative
RATINGS RATIONALE
“The change in the Oregon Clean Energy project outlook to stable from negative reflects currently favorable market conditions, with higher power prices producing stronger energy margins in the second half of 2021 and thus far in 2022, a trend which we…