Great River Energy completes $300 million private placement

Great River Energy launched and priced a private placement note offering last month, securing $300 million in long-term financing at a favorable interest rate.

Strong investor interest, including bids from five new purchasers, resulted in competitive borrowing terms for the cooperative.

“Great River Energy continues to be viewed as a good investment by the financial community,” said Great River Energy Treasury Services Director Tim Faulkner. “New funding will allow Great River Energy to make strategic investments to keep electricity reliable and affordable for cooperative members.”

Great River Energy expects to make significant capital investments in the years ahead, driven primarily by regional transmission projects.