I Squared Capital's Cube Hydro Platform closes on $140 million of long term notes

Cube Hydro North America I, LLC, a wholly-owned subsidiary of Cube Hydro Partners, LLC ("Cube Hydro"), which is a portfolio company of I Squared Capital, has successfully closed on the issuance of $140 million Senior Secured Notes due October 2025 (the "Notes"). The Notes were placed through a private placement launched on September 15, 2015.

The Notes received an investment grade rating and were priced at a 4.75% coupon which is payable semiannually in April and October commencing in April 2016. The attractive pricing of the 10 year Notes reflected strong investor interest in the offering.

"The response from investors exceeded our expectations and demonstrates our ability to raise low-cost financing to support investments in clean, carbon-free hydroelectric generation" stated Kristina Johnson, CEO of Cube Hydro. "Investors continue to show a strong appetite for attractive investment opportunities in clean energy such as our hydroelectric generation portfolio."

Cube Hydro, a portfolio company of the ISQ Global Infrastructure Fund and its affiliated funds, was founded in January 2014 to develop, acquire and operate a platform of small to mid-sized hydropower plants located in North America, primarily in the United States.

Cube Hydro currently owns a portfolio of thirteen hydroelectric plants with a capacity of 106 megawatts located in New York, Pennsylvania, Virginia and West Virginia with expected annual generation of over 340,000 MWhs. Prior to the issuance of the Notes, the portfolio was funded nearly 100 percent with equity. Cube Hydro will use the proceeds from the Notes to optimize its existing capital structure, fund business requirements and return capital to its equity owners.

Barclays acted as sole placement agent and financial advisor to Cube Hydro. Orrick, Herrington & Sutcliffe and Chapman & Cutler provided legal advice to Cube Hydro and to the investors, respectively.

The Senior Secured Notes were not and will not be registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

About Cube Hydro Partners LLC: Led by former U.S. Undersecretary of Energy Kristina Johnson, Cube Hydro is a hydropower development and operating platform targeting investments in mid-sized greenfield and operating hydro projects in the U.S. and Canada. Cube Hydro is a portfolio company of the ISQ Global Infrastructure Fund and its affiliated funds.

About I Squared Capital: I Squared Capital is an independent global infrastructure investment manager focusing on energy, utilities, and transport in North America, Europe, and select high growth economies. The Firm has offices in New York, Houston, London, New Delhi, Hong Kong and Singapore.