Beekman Solar (Morehouse Parish, LA) + Hollis Creek Solar (Sabine Parish, LA) — 385 MW solar projects
Treaty Oak closed financing and began construction on two utility-scale solar projects totaling 385 MW in Louisiana. Represents one of the largest solar investments in Louisiana to date.
385MW
Capacity
Solar
Technology
LA
Location
Deal Details
- Deal Type
- Project Finance
- Seller / Sponsor
- Treaty Oak Clean Energy
- Deal Value
- Undisclosed
- Stage
- Under Construction
- ISO/RTO
- MISO
- Source
- BusinessWire
Capital Structure
$809M
Total transaction value
Tranches
- Beekman Solar — non-recourse senior secured construction-to-term loan · SMBC, ING Capital, Credit Agricole CIB, MUFG, National Australia Bank
- —
- Beekman Solar — tax credit bridge loan · SMBC, ING Capital, Credit Agricole CIB, MUFG, National Australia Bank
- —
- Beekman Solar — letter of credit facilities · SMBC, ING Capital, Credit Agricole CIB, MUFG, National Australia Bank
- —
- Hollis Creek Solar — non-recourse senior secured construction-to-term loan · SMBC, ING Capital, Credit Agricole CIB, MUFG, National Australia Bank
- —
- Hollis Creek Solar — tax credit bridge loan · SMBC, ING Capital, Credit Agricole CIB, MUFG, National Australia Bank
- —
- Hollis Creek Solar — letter of credit facilities · SMBC, ING Capital, Credit Agricole CIB, MUFG, National Australia Bank
- —
Service Providers
Advisory & Legal
- borrowerCounsel
- Latham & Watkins LLP
- Lender Counsel
- Paul Hastings LLP
Finance Counterparties
Lenders & Capital Providers
- Coord. Lead Arranger
- SMBC; ING Capital; Credit Agricole CIB; MUFG; National Australia Bank
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