Hallador Energy closes USD 600 million senior secured term loan with Kennedy Lewis for Turtle Creek Gas project

By Public Technologies
  • Hallador closed a USD 600 million senior secured term loan facility on Sept. 15, 2026 to fund the 460-MW Turtle Creek Gas project.
  • Facility includes about USD 550 million funded at closing, a USD 50 million delayed-draw commitment available for 12 months.
  • Structure allows a super-priority revolving credit facility of up to USD 75 million, lifting total available financing to USD 675 million.
  • About USD 120 million will refinance existing debt, including a USD 45 million term loan, a USD 75 million revolving credit facility.
  • Kennedy Lewis provided the term loan; proceeds also support turbine purchase obligations, development costs, construction, general corporate purposes.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hallador Energy Company published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202609170800PRIMZONEFULLFEED9828663) on September 17, 2026, and is solely responsible for the information contained therein.

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