Certain investment funds managed and/or advised by Partners Group Holding AG or its affiliates (collectively, Partners Group), are acquiring Middle River Power, a 1.9-gigawatt (GW) power generation portfolio in the California Independent System Operator (CAISO) that includes combined-cycle (CCGT) and peaking capacity across 11-thermal assets, as well as co-located battery energy storage systems (BESS). To support the purchase, Partners Group is raising portfolio-level financing, at MRP Buyer LLC (MRP or the project), which will include all the portfolio assets. The financing includes a $1.375 billion term loan B (TLB) facility and a $175 million delayed-draw loan B facility (DDTL). The project will also have access to a $150 million revolving credit facility (RCF) and a $170 million letter of credit
