...- Gettysburg, PA.-based Hunterstown Generation LLC, a 863-megawatt (MW) combined cycle natural gas-fired generation plant operating in the PJM-MAAC region, has been acquired by LS Power Corp. - Following its term loan B pricing on Oct. 29, 2024, S&P Global Ratings converted its '##-' issue rating from preliminary to final on Hunterstown's $550 million term loan B (upsized from the $500 million considered at the preliminary rating) and $75 million revolving credit facility. The '2' recovery rating indicates our expectation for substantial recovery (70%-90%; rounded estimate 70%) because the upsized facility creates more debt outstanding under a hypothetical default. - Compared to our initial ##-/Stable preliminary rating assigned on October 21, 2024, the only change is the final issuance amount of $550 million compared to expectation of $500 million. - Our '##-' rating reflects our expectation of strong market fundamentals for the next few years due to the expansion of digital infrastructure,...
