Firm News

Julie Cohen
Director of Marketing and Communications
212.701.3614
jcohen@cahill.com

New Development Holdings Completes $1.4 Billion Credit Facility

Date: 07/01/10

Cahill represented Credit Suisse AG as administrative agent and Citibank and Deutsche Bank in connection with a $1,400,000,000 credit facility comprised of a $1,300,000,000 Term Loan and a $100,000,000 revolving loan for New Development Holdings, LLC, a subsidiary of Calpine Corporation to finance the acquisition of Conectiv Energy Holding Company, LLC from Pepco Holdings.

Julie Cohen
Director of Marketing and Communications
212.701.3614
jcohen@cahill.com