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Empire State IPP Readies Refi August 01, 2008

White Plains, N.Y. IPP FORTISTAR is in talks with banks to refinance $30 million in senior non-recourse debt in either U.S. or Canadian dollars, after closing its previously announced acquisition of five biomass plants from Primary Power International. "We're soliciting proposals as we speak," says Mark Comora, president of the IPP, declining to mention specific banks. It is likely only one bank will be ...

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