Alpha Generation Raises $2.95 Billion in Financing
Deal News | Jun 18, 2025 | White & Case LLP
Global law firm White & Case LLP has successfully advised Alpha Generation, LLC in the execution of a series of significant financing transactions amounting to US$2.95 billion. These transactions comprised US$250 million in incremental term loans and the repricing of US$1.99 billion of existing term loans along with a US$700 million revolving credit facility. Alpha Generation, which operates power generation facilities to meet the infrastructure demands driven by electrification, owns a diverse portfolio of power assets with 11.3 GWs of capacity in PJM, NYISO, ISO-NE, and CAISO regions. The assets are owned by ArcLight Capital Partners, LLC, which specializes in infrastructure investments across sectors like power, renewables, and strategic gas. White & Case enlisted a capable team led by partners Andrew Weisberg, Yehuda Rubel, and Justin Wagstaff, signaling the firm's adeptness in power generation financing.
Sectors
- Power Generation
- Financial Advisory
- Infrastructure Investment
Geography
- United States – Alpha Generation and the advising law firm, White & Case, are based in the U.S., and the transactions involve assets within U.S. energy markets.
Industry
- Power Generation – Alpha Generation operates power generation facilities and the article discusses its efforts to secure financing for its operations.
- Financial Advisory – White & Case advised on the financing transactions, demonstrating its role as a financial and legal advisor in high-value transactions.
- Infrastructure Investment – ArcLight Capital Partners' involvement indicates its focus on infrastructure investments, particularly in energy and related sectors.
Financials
- US$2.95 billion – Total amount involved in the financing transactions for Alpha Generation.
- US$250 million – Incremental term loans as part of the financing deal.
- US$1.99 billion – Existing term loans that were repriced in the transaction.
- US$700 million – Repriced revolving credit facility involved in the financing transaction.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Alpha Generation, LLC | Target | Company | A company operating power generation facilities meeting infrastructure needs driven by electrification. |
| White & Case LLP | Legal Advisor | Company | A global law firm advising on a $2.95 billion financing transaction for Alpha Generation. |
| ArcLight Capital Partners, LLC | Owner | Company | An investment firm managing funds that own Alpha Generation's diverse portfolio of assets. |