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August 18, 2023
On June 30, 2023, Cadwalader advised a group of joint lead arrangers on the closing of five separate revolving credit facilities for Berkshire Hathaway Energy Company and its subsidiaries in an aggregate amount of up to $8.0 billion. The credit facilities consisted of (i) a $3.5 billion revolving credit facility for Berkshire Hathaway Energy Company, agented by MUFG Bank, (ii) a $2.0 billion revolving credit facility for PacifiCorp, agented by JPMorgan Chase Bank, (iii) a $1.5 billion revolving credit facility for MidAmerican Energy Company, agented by Mizuho Bank, (iv) a $600 million revolving credit facility for Nevada Power Company, agented by Wells Fargo Bank and (v) a $400 million revolving credit facility for Sierra Pacific Power Company, agented by Wells Fargo Bank.
The Cadwalader team advising the joint lead arrangers on these transactions was led in Charlotte by Leveraged Finance & Private Credit partners Joey Polonsky and Ron Lovelace, with associate Tres Ricks.
