Marubeni Lenders Plot Year-End Takeout

The banks that have provided Marubeni Caribbean Power Holdings (MCPH) with a $310m bridge loan hope to take out the 1-year financing as early as the end of this year, according to bankers on the deal. MCPH, which belongs to Marubeni Corp, acquired all the shares of Mirant Caribbean Holdings, an independent power producer. Mizuho is leading with ING, Calyon and ABN AMRO as MLAs.