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FinancingClosedPress / newsSeptember 30, 2025

$305M credit facility supporting 158 MW community solar portfolio (IL, MD)

Summit Ridge closes $305M credit facility from Bank of America for 158 MW of community solar across Illinois and Maryland. Brings total operating and development portfolio to 2+ GW nationwide.

$305M

Deal Value

158MW

Capacity

Solar

Technology

IL, MD

Location

Project: $305M credit facility supporting 158 MW community solar portfolio (IL, MD)Asset profile →

Deal Details

Deal Type
Project & Portfolio M&A
Seller / Sponsor
Summit Ridge Energy
Buyer / Financier
Bank of America
Deal Value
$305M (senior secured credit facility)
Stage
Under Construction
ISO/RTO
MISO, PJM
Source
PV Tech

Capital Structure

$305M

Total transaction value

Debt$305M100%

Tranches

Senior secured term loan · Bank of America (coordinating lead arranger, administrative agent), ING Capital (green loan structuring agent, coordinating lead arranger), KeyBanc Capital Markets (coordinating lead arranger)
$281M
Letter of credit facility · Bank of America (LC fronting bank)
$24M

Finance Counterparties

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