FinancingClosedPress / newsJanuary 28, 2026

Senior Secured Green Revolving Loan and LC Facility supporting 12+ GW BESS development pipeline, ~8,000 MWh under construction/contract

Upsized from $225M facility (Sep 2024). Green revolving loan + LC facility for BESS pipeline from California to Maine. Barclays, HSBC, ING, SocGen, SMBC as CLAs. HSBC as Admin Agent and Collateral Agent. Kirkland & Ellis (borrower), Latham & Watkins (lenders). Backed by BlackRock Diversified Infrastructure.

Share on LinkedIn Source: Jupiter Power →

$500M

Deal Value

BESS

Technology

Multi-state

Location

Project: Senior Secured Green Revolving Loan and LC Facility supporting 12+ GW BESS development pipeline, ~8,000 MWh under construction/contractAsset profile →

Deal Details

Deal Type: Corporate Debt & Capital Markets
Seller / Sponsor: Jupiter Power (BlackRock)
Buyer / Financier: Barclays Bank PLC, HSBC Bank USA, ING Capital LLC, Société Générale, SMBC
Deal Value: $500M
Stage: Development
ISO/RTO: Multiple
Source: Jupiter Power

Capital Structure

$500M

Total transaction value

Debt$500M100%

Tranches

Senior Secured Green Revolving Loan and Letter of Credit Facility · Barclays, HSBC Bank USA, ING Capital, Societe Generale, SMBC (coordinating lead arrangers): $500M

Service Providers

Advisory & Legal

borrowerCounsel: Kirkland & Ellis LLP
Lender Counsel: Latham & Watkins LLP

Finance Counterparties

Lenders & Capital Providers

coordinatingLeadArrangers: Barclays Bank PLC; HSBC Bank USA; ING Capital LLC; Société Générale; SMBC
Administrative Agent: HSBC Bank USA
Collateral Agent: HSBC Bank USA