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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Apterra Leads $600MM Syndicated Debt Facility for Longroad Energy
Monday, November 27, 2023
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Lenders/Participants
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Apterra Infrastructure Capital [Lender]
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Structure
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$275MM Term Loan; $175MM Revolver; $150MM L/C Facility
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Amount
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$600.000
Million
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Borrower(s)
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Longroad Energy Holdings
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Description
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The credit facility is composed of a $275 million term loan, a $175 million revolving credit facility, and a $150 million letter of credit facility. The new financing follows the August 2022 $500 million equity investment by Infratil, New Zealand Superfund, and MEAG, and which also marked Longroad's strategic shift toward primarily project ownership rather than project sales.
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Industry
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Energy
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ABL Advisor
Deal Tables
2025
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