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sd-10-EFTA01370118Dept. of JusticeOther

EFTA Document EFTA01370118

Portfolio Investment: Wind Portfolio Utility scale, contracted wind power portfolio financing Financing Opportunity • Acquisition financing to provide sponsor certain funds to purchase the assets and help crystallize a return. Due to the deal team's strong relationship with the sponsor and expertise, the deal team received an outsized allocation • Attractive lender protections including a) first lien security over borrower's assets and shares; b) 100% excess cash flow sweep; and c) pr

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Dept. of Justice
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sd-10-EFTA01370118
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Summary

Portfolio Investment: Wind Portfolio Utility scale, contracted wind power portfolio financing Financing Opportunity • Acquisition financing to provide sponsor certain funds to purchase the assets and help crystallize a return. Due to the deal team's strong relationship with the sponsor and expertise, the deal team received an outsized allocation • Attractive lender protections including a) first lien security over borrower's assets and shares; b) 100% excess cash flow sweep; and c) pr

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EFTA Disclosure
Text extracted via OCR from the original document. May contain errors from the scanning process.
Portfolio Investment: Wind Portfolio Utility scale, contracted wind power portfolio financing Financing Opportunity Acquisition financing to provide sponsor certain funds to purchase the assets and help crystallize a return. Due to the deal team's strong relationship with the sponsor and expertise, the deal team received an outsized allocation Attractive lender protections including a) first lien security over borrower's assets and shares; b) 100% excess cash flow sweep; and c) project finance enhancements such as a debt service reserve account The borrower is capitalized —61% debt / 39% equity Transaction Summary The 521 MW wind portfolio is comprised of 5 different wind generation projects (one of which holds 11 separate projects) in Idaho and Oklahoma The Portfolio benefits from varied turbine technology with contracted off-takers The Portfolio sells power under long-term contracts with credit worthy ()Makers with a weighted average credit rating of BBB+ that provides fixed, stable cash flows Cash flows are generated from six different offtakers, dramatically reducing counterparty risk Investment Rationale 100% of revenue is contracted through 2030, providing stable current and future cash flows The Portfolio's PPAs have a weighted average remaining life of over 18 years on a MW basis All projects have been operating for at least three years with very high availability factors The projects use multiple proven turbine platforms developed by established wind turbine manufacturers including GE, Vestas. Senvion, and Mitsubishi Source: Deutsche AM_ As of July 21. 2016. The photographs depicted above and on subsequent pages are not intended to be representative of all assets in the portfolio. For more information on all assets. including those not shown herein. please contact us. Past performance is not indicative of future results. Deutsche Asset Management Infrastructure Debt Presentation: RIN II Equity March 2018 50 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0062728 SDNY_GM_00208912 EFTA01370118

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