Executive Summary
| Item | Value |
|---|
| Total Project Cost | USD 1,000,000,000 |
| Equity Contribution | USD 200,000,000 |
| Senior Debt Facility | USD 800,000,000 |
| Debt Tenor | 20 Years |
| Interest Rate | 3.00% Fixed |
| Minimum DSCR | 1.30x |
| DSRA | 6 Months Debt Service |
| LLCR | 1.45x |
| PLCR | 1.60x |
Sources & Uses of Funds
| Source | Amount (USD) |
|---|
| Sponsor Equity | 200,000,000 |
| Senior Debt Facility | 800,000,000 |
| Total Sources | 1,000,000,000 |
|---|
Security Package
- Assignment of Project Revenues
- Project Asset Security
- Project Account Control Agreement
- Insurance Assignment
- Sponsor Support Undertaking
- Debt Service Reserve Account (DSRA)
Financial Covenants
- Minimum DSCR: 1.30x
- Cash Sweep Trigger: DSCR ≥ 1.35x
- Dividend Lock-Up: DSCR < 1.30x
- Mandatory Insurance Coverage
- Quarterly Financial Reporting
Project Accounts Structure
- Revenue Account
- Operating Account
- Debt Service Account
- Debt Service Reserve Account
- Maintenance Reserve Account
- Distribution Account
