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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Atlantic Union Bank Closes $30MM Revolving Credit Facility with SolaREIT
Thursday, February 29, 2024
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Lenders/Participants
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Atlantic Union Bank [Lender]
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Structure
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Revolving Credit Facility
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Amount
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$30.000
Million
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Borrower(s)
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SolaREIT
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Description
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line of credit provides the company with an additional $30 million of liquidity and will allow SolaREIT™ to continue to scale the business and expand financing solutions for solar and storage developers. It is the second revolving credit facility the partners have closed with AUB— the first was a $15 million facility announced last year. SolaREIT's innovative financing model provides solar and battery energy storage solution (BESS) developers and landowners with robust financing options.
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Location
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VA
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| Related Tags |
Atlantic Union Bank, Commercial Real Estate, Renewable Energy, SolaREIT
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ABL Advisor
Deal Tables
2024
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