Renewable energy platform Origis Energy has closed an upsizing amendment to its development finance facility, doubling the capacity to $750 million.
Based in Miami, Origis brings clean and cost-effective solar, energy storage and clean hydrogen solutions for utility, commercial and public sector clients. It is majority-owned by funds managed by Antin Infrastructure Partners.
The newly closed credit facility will support expansion of the company’s solar and energy storage project pipeline.
CIT was the lead arranger of the financing. Leading lenders supporting the amendment and increasing their commitments include:
Santander
Deutsche Bank
HSBC
Rabobank
Nomura
New entrants joining the syndicate include:
Truist Securities
SMBC
KeyBank
Natixis
Société Générale
Jamie Edwards, managing director at Origis said: “The recent passing of the Inflation Reduction Act invoking incentive stability, market demand for high quality clean energy generation and the strong Origis track record drove high interest in this financing round. The offering upsizes our 2022 facility by double, and was also oversubscribed."
Origis was advised by:
Latham and Watkins – legal
The lenders were advised by:
Norton Rose Fulbright – legal