Hunton Andrews Kurth Advises on WEC Infrastructure Wind Holding I LLC $413.6 Million Private Placement and $30 Million Letter of Credit Facility

Hunton Andrews Kurth LLP advised Senior Secured Note purchasers and MUFG Bank, Ltd., New York Branch, as issuing bank, in connection with WEC Infrastructure LLC’s (WECI) long-term project financing for its subsidiary WEC Infrastructure Wind Holding I LLC (WECI Wind), which owns four wind projects located in the mid-western United States (the Portfolio). 

The firm advised the purchasers in connection with WECI Wind’s issuance of $413.6 million aggregate principal amount of its 2.75% Senior Secured Notes due December 31, 2032 (the Notes), in a private placement offering under Section 4(a)(2) of the Securities Act of 1933, as amended. The offering closed on December 17, 2020. 

The firm also advised MUFG Bank in connection with a $30 million letter of credit facility for WECI Wind, which will support a debt service reserve requirement in connection with the Notes.

WECI Wind’s Portfolio consists of four wind facilities totaling approximately 692 megawatts in Illinois, Nebraska and South Dakota. The Portfolio generates revenue from long-term, fixed-price contracts with creditworthy offtakers, utilizes strong and diverse wind resources and proven GE wind turbines maintained by Invenergy Services. WECI Wind is a wholly-owned subsidiary of WECI, which is a wholly-owned subsidiary of WEC Energy Group, Inc. 

The Hunton Andrews Kurth team was led by Eric J. Nedell and Adam R. O’Brian and included support from S. Ashley Jaber, Nick Thompson, and many others across offices and teams, including Bud Ellis, Jeff Schroeder, Robert McNamara (tax), Michael Madden, Douglas Dua, Jenna Goldman, Wally McBride, Mae Ji and Christopher Huong.