The energy pipeline continues for CTSW’s financing work. The firm closed a $100 million secured first mortgage bond issuance on March 4 for an electric and gas utility company. In addition, in February, CTSW closed a $26.4 million unsecured senior note exchange for a gas utility company. Walter Godlewski headed the deal work for CTSW.
“There continues to be a lot happening in the energy space, from increased spending on exploration and infrastructure to more ways than ever to fund ongoing working capital requirements,” explained Walter. “With every one of these transactions, we’re looking closely at the client’s business objectives so the financing vehicle it selects is the right one given its business goals, capital structure and market conditions.”