Hallador Energy (HNRG) Closes $600M Loan. Can it Fund its New Power Plant?
Hallador Energy (HNRG) closed a $600M loan, with $550M funded immediately, to support its $800M Turtle Creek power plant. $120M will refinance existing debt. The company aims to limit equity dilution and plans commercial operation by late 2028. Existing operations generate $1.8B in contracted revenue, reducing funding uncertainty.




