Eversheds Sutherland Advises Rayburn Financing of Sherman Gas Plant Acquisition
Eversheds Sutherland acted as legal advisor to Rayburn Electric Cooperative in financing its purchase of the Panda Sherman Power plant, a 758 megawatt natural gas-fueled power plant capable of supplying power to 750,000 homes, through concurrent closings of a private placement transaction with various investors, and a bridge loan from CoBank, ACB.