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Press release	Situational Analysis Competitive auction for the sale of a 593 MW dual-fueled, combined-cycle power facility in Wisconsin. At the time of sale, no existing debt on the project with contracted output. The seller solicited offers for the 100% sale of its equity interests in the facility. The winning bid included a cash purchase of 50% interests in the project and non-recourse financing of the entire facility. Fieldstone’s Role Acted as exclusive financial advisor to Tyr Energy. Performed financial due diligence and valuation services, coordinated advisors and consultants, and assisted in closing document negotiations. Placement agent for the non-recourse debt financing. Club deal structure of four banks arranged in two months in most difficult and adverse credit markets at the end of 2008. Loan structure included re-contracting risk exposure at maturity designed to maximize debt while providing current cash returns to the equity sponsors.

Competitive auction for the sale of a 593 MW dual-fueled, combined-cycle power facility in Wisconsin.
At the time of sale, no existing debt on the project with contracted output.
The seller solicited offers for the 100% sale of its equity interests in the facility.
The winning bid included a cash purchase of 50% interests in the project and non-recourse financing of the entire facility.

Fieldstone’s Role

Acted as exclusive financial advisor to Tyr Energy.
Performed financial due diligence and valuation services, coordinated advisors and consultants, and assisted in closing document negotiations.
Placement agent for the non-recourse debt financing.
Club deal structure of four banks arranged in two months in most difficult and adverse credit markets at the end of 2008.
Loan structure included re-contracting risk exposure at maturity designed to maximize debt while providing current cash returns to the equity sponsors.