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CIT Arranges $225MM Letter of Credit Facility for 8minute Solar Energy
Tuesday, June 2, 2020

Lenders/Participants CIT Group [Lead Arranger]
Structure Letter of Credit Facility
Amount $225.000 Million
Borrower(s) 8minute Solar Energy
Description 8minute intends to use the credit facility to arrange purchase power agreements and interconnection agreements associated with its development pipeline of solar and storage projects representing 18 gigawatts of power in California, Texas and the southwestern United States. Transaction details not disclosed.
Industry Energy
Related Tags CIT Group, Solar

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