The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Fifth Third Arranges $60MM Senior Credit Facility for Greenbacker Renewable Energy
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Lenders/Participants
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Fifth Third Bank [Sole Lead Arranger, Sole Bookrunner]
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Structure
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Senior Secured Credit Facility
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Amount
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$60.000
Million
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Borrower(s)
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Greenbacker Renewable Energy Company LLC
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Description
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The initial drawdown on the facility was approximately $25.7 million, which was used to pay off existing loans with various financial institutions as well as for funding future investments. The Facility, which allows for additional drawdowns through December 31, 2018, matures on January 5, 2024, and bears interest at a rate priced over LIBOR, is collateralized by assets, property and interests in property held by various Company subsidiaries.
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Industry
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Energy
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| Related Tags |
Fifth Third Bank
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ABL Advisor
Deal Tables
2024
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