Kirkland Advises ContourGlobal on Successful Completion of $612 Million Refinancing of Natural Gas Portfolio in the U.S.

Kirkland & Ellis advised ContourGlobal, an independent power producer with a diversified global presence and portfolio company of KKR, in connection with the closing of its $612 million refinancing of a 1,205 MW portfolio of Natural Gas power plants located in California, New Mexico and Texas. The transaction, completed on December 10, 2024, comprised of a $436.3 million term loan, $147.2 million project letter of credit facility, $18.2 million DSR letter of credit facility and $10 million revolving credit facility. This refinancing is a key component of ContourGlobal's broader financial strategy, aligned with its ambitious growth plans focused on the organic expansion of its renewable power portfolio and on a sustainable transition of its thermal fleet.

Read ContourGlobal's press release

The Kirkland team included debt finance lawyers Roald Nashi, Greg Howling, Jacqueline Trudeau, Christopher Hargett and Miriam Domer; tax lawyers Sam Kamyans and Steve Cantor; environmental transactions lawyer Jim Dolphin; energy regulatory lawyers Drew Stuyvenberg and Cassidy Hall; real estate lawyers David Rosenberg and Katie Roddy; investment funds regulatory lawyer Phil Giglio; government, regulatory & internal investigations lawyer Nick Niles; and employee benefits lawyer Jack Bernstein.