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News Breaks
July 31, 2014
08:46 EDTNRG, FCELFuelCell announces strategic financing agreement with NRG Energy
FuelCell Energy (FCEL) announced a broadening and deepening of the existing relationship with NRG Energy (NRG) including a $35M investment in FuelCell Energy common stock by NRG Energy and the establishment of a new $40M revolving construction and term loan facility by NRG Energy for FuelCell Energy to use for project development. NRG Energy now owns approximately 17M shares of the company's common stock, or 6%, including 2.4M shares owned prior to this transaction. In addition to the common stock investment, NRG Energy has extended a $40M revolving construction and term financing facility for the purpose of accelerating project development by FuelCell Energy and its subsidiaries. The company's project finance subsidiaries may draw on the facility to finance the construction of projects through the commercial operating date, or COD, of the power plants. The company has the option to continue the financing term for each project after COD for a maximum term of five years per project. The interest rate is 8.5% per annum for construction-period financing and 8% thereafter.
News For FCEL;NRG From The Last 14 Days
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January 28, 2015
07:36 EDTNRGNRG Renew, SunShare form strategic alliance
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07:34 EDTNRGNRG Energy and SunShare patner in 8.2MW solar project in Colorado
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07:34 EDTNRGNRG Energy and SunShare patner in 8.2MW solar project in Colorado
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January 22, 2015
08:14 EDTNRGNRG Home Solar announces partnership with Upromise by Sallie Mae
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January 21, 2015
09:42 EDTNRGNRG Energy upgraded to Buy from Hold at Tudor Pickering
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January 20, 2015
10:08 EDTNRGNRG Energy raises dividend to 14.5c from 14c
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07:44 EDTNRGNRG Energy return profile more attractive than expected, says UBS
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