Simpson Thacher Represents the Lenders and Administrative Agent in Avangrid’s Term Loan
01.14.20
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Simpson Thacher represented the lenders and Mizuho Bank, Ltd., as administrative agent, in connection with Avangrid, Inc.’s $500 million term loan agreement.
Avangrid, Inc. is a leading, sustainable energy company with approximately $34 billion in assets and operations in 24 U.S. states. With headquarters in Orange, Connecticut, Avangrid has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns eight electric and natural gas utilities, serving 3.2 million customers in New York and New England. Avangrid Renewables owns and operates a portfolio of renewable energy generation facilities across the United States.
The Simpson Thacher team for this transaction included James Cross, Mike Vernace and Brittani Frink (Credit).