Sponsor Invenergy Clean Power LLC (ICP) intends to raise about $340 million with a term loan B at Delaware-based power generator Invenergy Thermal Operating I LLC and a $200 million term loan C to refinance $225 million in project-level debt. The refinancing, along with $100 million in incremental equity, also retires $380 million of existing debt at intermediate holding companies, and pays for other uses such as prefunding reserves, swap-breakage costs, fees, and expenses. We are assigning our 'B+' rating to Invenergy's approximate $340 million term loan B due October 2022 and $70 million first-lien working capital loan facility due 2020. The outlook is stable. We also assigned our '1' recovery rating to the debt. The stable outlook is based
