² Aside from the project-level debt, there was also some portfolio-level debt: According to Power Finance & Risk, when Starwood bought majority stakes in Logan and Chambers as part of a larger 4-plant US coal portfolio holding company called “Excalibur Power” in 2018, Starwood secured $200 million in acquisition financing from SunTrust Robinson Humphrey. The SunTrust loan was reportedly priced at LIBOR + 400bps. LIBOR in 2018 was around 3%, implying 7% overall interest rate in 2018. It is unclear if the $200 million MetLife project-level debt refinancing also paid down any of the $200 million SunTrust Holdco financing. See Power Finance & Risk article for more details.