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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Live Oak Bank Provides Over $40MM in Financing Facilities to On.Energy
Wednesday, December 27, 2023
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Lenders/Participants
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Live Oak Bank [Lender]
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Amount
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$40.000
Million
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Borrower(s)
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On.Energy
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Description
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Both a construction facility totaling more than $40 million and permanent debt facilities for an 80 megawatt-hour (MWh) portfolio in Texas (the Palo Verde Projects) with financing provided by Live Oak Bank. The projects, set to come online in Q3 of 2024, will support the balancing of the ERCOT grid by providing both ancillary services as well as arbitrage.
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Industry
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Battery Storage
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Location
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TX
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| Related Tags |
Battery Storage, Live Oak Bank
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ABL Advisor
Deal Tables
2025
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