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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Nomura, ING, LL Funds Provide $245MM in Credit Facilities to Renew Financial
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Lenders/Participants
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Nomura Corporate Funding Americas [Lender]
ING Capital [Lender]
LL Funds [Lender]
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Structure
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Revolving Credit Facilities
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Amount
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$245.000
Million
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Borrower(s)
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Renew Financial
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Description
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An aggregate of $245 million in revolving credit facilities with Nomura Corporate Funding Americas, ING Capital, and LL Funds. The new credit facilities support Renew Financial’s continued growth and the expansion of its R-PACE programs in Florida and California. R-PACE enables homeowners to finance the entire cost of qualifying energy efficiency, water efficiency, renewable energy, hurricane-preparedness, and seismic upgrades and then repay the cost of those upgrades through a special assessment on their property tax bill over a five to 30-year period. The ING Capital LLC credit facility complements Renew Financial’s two additional facilities with Nomura and LL Funds LLC, which total approximately $245 million of capital committed to support the financing of R-PACE assessments and contractor receivables.
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Industry
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Lender Finance
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| Related Tags |
ING Capital, Lender Finance, Nomura Corporate Funding Americas
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ABL Advisor
Deal Tables
2025
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