Energy Capital, Dynegy to acquire ENGIE’s U.S. fossil portfolio in $3.3B deal
February 26, 2016
Through a joint venture, Energy Capital Partners and Dynegy (NYSE: DYN) have signed a definitive agreement to acquire ENGIE’s (PAR: ENGI) U.S. fossil portfolio consisting of 8,731 megawatts of generation capacity. The venture has secured financing for the $3.3 billion acquisition, as well as related transaction fees and working capital, with $2.25 billion in committed debt facilities and about $1.19 billion in equity commitments. The transaction is expected to close in 4Q.