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0.00143506338196609 0.00215259507294897 0.0011958861516383 0.000717531690983046 -0.00741449414015791 -0.0011958861516383 -0.000239177230327625 -0.00406601291557048
Stock impact report

Doral Renewables Secures $525 Million of Surety-Backed Letter of Credit Financing [Yahoo! Finance]

Banco Bilbao Vizcaya Argentaria S.A. (BBVA) 
US:NYSE Investor Relations: shareholdersandinvestors.bbva.com
Company Research Source: Yahoo! Finance
power producer, announced today that it has secured approximately $525 million of innovatively structured cross-border Letter of Credit facilities to support the continued growth of the company. The first transaction is an approximately $385 million Deferred Equity Contribution Guarantee ("DECG") Facility, and the second arrangement is an approximately $140 million All Purpose Guarantee ("APGF") Facility. Doral Renewables (PRNewsfoto/Doral Renewables LLC) The DECG Facility will allow the Company to issue sponsor equity Letters of Credit to project financing (and similar) beneficiaries which simultaneously will enable prudent conservation of liquidity and heightened project-level rates of equity return. The APGF, along with certain other existing facilities maintained by the Company, will support primarily interconnection and power purchase agreement Letter of Credit postings across the Company's pipeline. The Company and the participating underwriters expect over time to upsize bo Show less Read more
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