Deals of the Year: Bank of America Merrill Lynch
Bank of America Merrill Lynch's restructure of its credit facility with Reliant Energy enabled the smooth purchase of NRG by Reliant.
In March 2009, US power giant NRG announced the $287.5-million purchase of Reliant Energy from RRI Energy, the second biggest retail power provider in Texas. Bank of America Merrill Lynch played a pivotal role in ensuring the smooth execution and completion of this major deal by restructuring its existing credit enhancement facility with Reliant Energy into an 18-month acquisition financing
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