US retail power co. seeks financial lifeline

14 April 2020 - 12:00 am UTC

Liberty Power, one of the largest owner-operated retail electricity providers in the US, has hired a boutique advisor as it seeks to stem losses resulting from the coronavirus pandemic.

The retailer has appointed Bayfield Partners to advise on raising financing, two industry sources told SparkSpread

Fort Lauderdale, Fla.-based Liberty Power is backed by Royal Dutch Shell subsidiary Shell Energy North America, which provides a credit sleeve and working capital facilities to the retailer. 

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