The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Decathalon Capital Partners Provides $7.5MM Debt Facilioty to Pineapple Energy
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Lenders/Participants
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Decathalon Capital Partners [Lender]
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Structure
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Debt Facility
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Amount
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$7.500
Million
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Borrower(s)
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Pineapple Energy
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Description
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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.
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Industry
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Energy Services
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Location
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MN
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| Related Tags |
Decathalon Capital Partners, Solar
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ABL Advisor
Deal Tables
2024
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