AMP Capital invests in a portfolio of thermal generating assets across the US and Canada

By AMP Capital media team

AMP Capital has reached financial close on a US$200 million subordinated debt investment in Invenergy Clean Power, which develops, owns and operates power generation and energy storage facilities in North America and Europe.

AMP Capital, as the sole lead arranger, worked on an exclusive basis with Invenergy. The loan facility is secured by a portfolio of Invenergy natural gas-fired power plants in the US and Canada. AMP Capital’s Infrastructure Debt Fund II (IDF II) will provide US$150 million of the loan, with the remaining US$50 million warehoused by AMP Capital for future strategies.

The transaction supports Invenergy’s future plans for the business and investors benefit from geographic and counterparty diversity. This is AMP Capital’s second transaction with Invenergy and reinforces AMP Capital’s ability to create long-term partnerships with project sponsors by offering flexible, structured solutions.

AMP Capital Infrastructure Debt Principal Patrick Trears said: “We are excited about strengthening our partnership with a leading developer and operator in the North American energy space and delivering another strong investment for IDF II investors. AMP Capital acted as the lead arranger for this bespoke mezzanine debt solution, which enables Invenergy to continue to grow its successful thermal generating platform.”

“We are pleased to have AMP Capital as the sole lender on the second lien facility,” said Jim Murphy, President of Invenergy’s Operating Business Group. “AMP Capital’s flexibility and execution were important in getting this complex transaction across the finish line.”

AMP Capital has been investing in the subordinated debt of infrastructure assets since 1998 and focuses on defensive, non-cyclical, cash flow-producing assets.

AMP Capital’s global infrastructure debt team has ten investment professionals located in London, New York and Sydney.

  • Infrastructure
  • Media Releases
Share this article
  • Contact us Media enquiries

    Lara Evans
    M +61 419 226 449

Important notes

This article has been prepared to provide general information and does not constitute 'financial advice' for the purposes of the Financial Advisors Act 2008 (Act). An individual investor should, before making any investment decisions, consider the information available in the relevant Product Disclosure Statement and seek professional advice. While every care has been taken in the preparation of this document, AMP Capital Investors (New Zealand) Limited and the AMP Group (together, 'AMP') make no guarantee that the information supplied is accurate, complete or timely and do not make any warranties or representations in respect of results gained from its use. The information is not intended to infer that current or past returns are indicative of future returns. The views expressed are those of the author and do not necessarily reflect those of AMP. These views are subject to change depending on market conditions and other factors.

Cookies & Tracking on our website.  We use basic cookies to help remember selections you make on the website and to make the site work. We also use non-essential cookies, website tracking as well as analytics - so we can amongst other things, show which of our products and services may be relevant for you, and tailor marketing (if you have agreed to this). More details about our use of cookies and website analytics can be found here
You can turn off cookie collection and/or website tracking by updating your cookies & tracking preferences in your browser settings.