Budderfly Energy-as-a-Service Platform — distributed solar PV, HVAC, LED, and smart controls for US commercial buildings
Budderfly raises $550M total ($250M new tranche) debt facility led by Global Infrastructure Partners (BlackRock) with Vantage Infrastructure, and Nuveen Energy Infrastructure Credit. $100M accordion facility also available. Budderfly provides Energy-as-a-Service to US commercial mid-market (restaurants, retail, small manufacturers), deploying solar PV, HVAC upgrades, LED lighting, and VPP grid services at zero upfront cost to customers. Platform deployed at 5,000+ US commercial locations; has helped customers avoid 330,000+ MT CO2.
$550M
Deal Value
Solar
Technology
CT
Location
Deal Details
- Deal Type
- Corporate Debt & Capital Markets
- Seller / Sponsor
- Budderfly
- Buyer / Financier
- Global Infrastructure Partners (BlackRock); Vantage Infrastructure; Nuveen (Energy Infrastructure Credit)
- Deal Value
- $550M
- Stage
- Operating
- Source
- BusinessWire
Capital Structure
$550M
Total transaction value
Tranches
- Debt Facility Upsizing · Global Infrastructure Partners (BlackRock), lead; Vantage Infrastructure (participation)
- $250M
- Accordion Feature · Budderfly debt facility (uncommitted accordion)
- $100M
Finance Counterparties
Lenders & Capital Providers
- 0
- Global Infrastructure Partners
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