$600M credit facility (expandable to $850M) — $350M revolving loan/LC + $250M project LC facility supporting 4.7 GW operating + 1.5 GW construction solar and storage
Green loan with sustainability metrics. 15 lenders including Wells Fargo, CIBC, Credit Agricole, JPMorgan, BofA, Barclays, BNP Paribas. Latham & Watkins as borrower counsel, Morgan Lewis as lender counsel.
$600M
Deal Value
6,200MW
Capacity
Solar + Storage
Technology
Multi-state
Location
Deal Details
- Deal Type
- Corporate Debt & Capital Markets
- Seller / Sponsor
- Arevon Energy
- Buyer / Financier
- Wells Fargo (admin agent)
- Deal Value
- $600M
- Stage
- Operating / Construction
- ISO/RTO
- Multiple
- Source
- Arevon Energy
Capital Structure
$600M
Total transaction value
Service Providers
Advisory & Legal
- borrowerCounsel
- Latham & Watkins
- Lender Counsel
- Morgan Lewis
Finance Counterparties
Lenders & Capital Providers
- adminAgent
- Wells Fargo
- leadArrangers
- Wells Fargo, CIBC, Credit Agricole, JPMorgan, BofA, Barclays, BNP Paribas, Commonwealth Bank, Natixis, National Bank of Canada, SocGen
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