Corporate Finance

Renewables developer Hecate Energy has closed a five-year, $550 million credit package, including a $250 million term loan and a $300 million Letter of Credit (LC) facility.

Grupo Equatorial is issuing debentures for its recently acquired distribution subsidiary Celg-D.

Enlight Renewable Energy has filed a registration statement with the US Securities and Exchange Commission for an initial public offering.

Aypa Power – a portfolio company of Blackstone – has completed the closing of a $320 million senior secured sustainability revolving credit facility.

Electrical infrastructure firm KV Power – a portfolio company of Rock Hill Capital – has completed a recapitalization and partnership with Warren Equity Partners.

SUSI Partners has closed on a senior secured funding facility for OBE Power Networks, the Miami-based electric vehicle (EV) charging company.

Lacuna Sustainable Investments has upped its equity investment in renewables developer Bear Peak Power.

Tigo Energy has signed a definitive agreement with L1 Energy to acquire $50 million of newly issued convertible notes.

Altus Power, an independent developer, owner and operator of commercial-scale solar facilities, has closed on a $200 million revolving credit facility.

Manulife Investment Management has taken a minority stake in solar, storage and electric vehicle (EV) business, PowerFlex, with a $100 million investment.

Caliche Development Partners II has received $268 million in capital commitments from Orion Infrastructure Capital and GCM Grosvenor (OIC), targeting underground storage and sequestration assets in North America.

The Brazilian state of Paraná is planning for the potential privatization of its electric utility Copel.

Priority Power Management, an energy optimization and infrastructure business backed by Oaktree Capital Management and Ara Partners, refinanced its existing debt and increased its credit facility from $85 million to $250 million.

Private equity behemoth Blackstone is preparing a $325 million credit facility for portfolio company Aypa Power.

Independent power generator Onward Energy is acquiring the Broad River power generation facility in Gaffney, South Carolina.

Fundamental Renewables, a renewable energy financier, has secured a $400 million credit facility to support the company’s operations.

Cryptomining company TeraWulf has amended its existing joint venture agreement with Talen Energy following the company’s filing for Chapter 11 bankruptcy.

Fervo Energy has raised $138 million in a new funding round to support the company’s geothermal portfolio and development pipeline.

Sunnova has upsized and priced a $500 million bond offering the solar company announced earlier this week.

Sunnova has announced its intention to open a $425 million private placement offering of convertible senior notes to fund corporate expenses.

Talen Energy Supply (TES) has reached an agreement with shareholders to upsize the company’s equity rights agreements by $250 million, triggering a process that will see the platform enter the M&A market.

A Talen Energy Corp (TEC) subsidiary has secured a $1.3 billion equity commitment from its bondholders after the energy company filed for Chapter 11 bankruptcy last month.

Sustainable infrastructure platform Inspiration Mobility has secured $215 million in capital from new partners Macquarie Asset Management and Ferrovial.

AES El Salvador is planning a $370 million refinancing which will see the company replace its 2023 bonds with a new senior debt facility.

A Talen Energy Corp (TEC) subsidiary has filed for Chapter 11 bankruptcy after reaching a deal to recapitalize $3.2 billion in debt with the energy company’s bondholders and a consortium of banks.

CleanCapital has secured a $200 million debt package to support the New York-based developer’s pipeline of distributed solar and energy storage projects.

Canadian power company Northland Power has converted a $50 million letter of credit facility into a sustainability-linked agreement, which is backed by Canada’s export credit agency.

Encore Renewable Energy, a Burlington, Vermont renewable energy developer, has secured debt financing for the company’s development activity.

IDB Invest has launched a $1 billion sustainability bond to finance renewables projects in Latin America and the Caribbean.

Segue Infrastructure Partners has closed a trio of development capital investments totaling $40 million to finance solar and energy storage assets across the US.