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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Prudential Financial Inc | NYSE:PRU | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.97 | 0.87% | 112.26 | 112.7873 | 110.605 | 112.21 | 1,027,278 | 01:00:00 |
Prudential Private Capital provided $60 million of senior secured notes to Rougaroux Power Holdings, LLC, an indirect owner of a 192-megawatt operating hydroelectric project located in Louisiana. Prudential Private Capital is a leading source of private debt for public and private companies and is the private capital arm of PGIM, the $1.5 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210805005056/en/
"Our partnership with Rougaroux reinforces our long-term commitment to investments in real assets. In the first half of 2021, we have invested nearly $900 million across energy and power alone.” -Wendy Carlson, Managing Director at Prudential Private Capital (Photo: Business Wire)
“We are proud to continue supporting a high-performing hydro facility, which is among the newest and largest hydroelectric facilities built in the U.S. in the last 30 years,” said Ingrida Soldatova, senior vice president of Prudential Private Capital’s Power group.
“Our partnership with Rougaroux reinforces our long-term commitment to investments in real assets. In the first half of 2021, we have invested nearly $900 million across energy and power alone, demonstrating our ability to support our partners even in uncertain markets,” added Wendy Carlson, managing director and head of Prudential Private Capital’s Power group. “Our involvement with this asset dates back to 1990, reinforcing our relationship-based, long-term financing strategy.”
Relationship Highlights:
“Our Real Assets platform continues to expand and achieve strong origination activity across energy, power, infrastructure, and credit tenant lease sectors,” said Soldatova. “With nearly $30 billion AUM across nine global deal teams, we play an active role in the market.”
For nearly 100 years, Prudential Private Capital has been partnering with a wide range of corporations, sponsors, and institutions to provide valuable insights, guidance, and customized capital solutions that enable them to achieve their growth and funding goals. In an industry where capital can seem like a commodity and relationships are often fleeting and transactional, we are known for building enduring local partnerships based on a steady and patient commitment to our partners’ long-term capital needs. With regional teams in 15 offices around the world, we manage a portfolio of nearly $98 billion for our partners. All data as of March 31, 2021. For more information, please visit prudentialprivatecapital.com.
Learn about Prudential Private Capital: prudentialprivatecapital.com Connect with us on LinkedIn
View source version on businesswire.com: https://www.businesswire.com/news/home/20210805005056/en/
Media contact: Lizzie Lowe 973.802.8786 lizzie.lowe@pgim.com
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