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SELECTED TRANSACTION DETAILS
Decathalon Capital Partners Provides $7.5MM Debt Facilioty to Pineapple Energy
Monday, June 5, 2023

Lenders/Participants Decathalon Capital Partners [Lender]
Structure Debt Facility
Amount $7.500 Million
Borrower(s) Pineapple Energy
Description The transaction, which carries a 48-month term, is a straight debt instrument, thus avoiding any equity dilution. Debt service payments begin at a smaller initial level and increase over the course of the loan in several step-ups, tracking the Company’s revenue growth. Funds will be utilized as follows: $5.0 million to retire the short-term note issued in connection with the SUNation acquisition; $1.5 million to retire other debt; $1.0 million remaining for working capital as needed.
Industry Energy Services
Location MN
Related Tags Decathalon Capital Partners, Solar