Construction warehouse revolving credit facility for Aypa Power's utility-scale energy storage and hybrid renewable pipeline
First-of-its-kind warehouse financing for a storage-focused IPP — funds Aypa projects expected to reach COD through 2028. CIBC and Wells Fargo as Lead Structuring Agents, Left Lead Arrangers, Coordinating Lead Arrangers, and Green Loan Coordinators. Latham & Watkins advised Aypa.
$1.50B
Deal Value
Solar + Storage
Technology
Multi-state
Location
Deal Details
- Deal Type
- Project Finance
- Seller / Sponsor
- Aypa Power (Blackstone portfolio company)
- Buyer / Financier
- CIBC, Wells Fargo (lead structuring agents)
- Deal Value
- $1.5B (with $500M accordion)
- Stage
- Construction
- Source
- PRNewswire
Service Providers
Advisory & Legal
- Sponsor Counsel
- Latham & Watkins
Finance Counterparties
Lenders & Capital Providers
- Coord. Lead Arranger
- CIBC, Wells Fargo
- Lead Arranger
- CIBC, Wells Fargo
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