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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
PowerBank Enters $8MM Revolving Credit Facility with NY Green Bank
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Lenders/Participants
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NY Green Bank [Lender]
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Structure
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Revolving Credit Facility
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Amount
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$8.000
Million
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Borrower(s)
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PowerBank Corporation
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Description
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a revolving credit facility with initial principal amount of up to $8 million USD (the “Loan”) that will be used to fund interconnection deposits for an initial portfolio of 50 MW of distributed solar power and battery energy storage projects located in New York State. material terms of the Loan include: The Loan will be advanced against payment of interconnection deposit payments to local utilities in New York in connection with the Projects; Initial principal amount is up to $8 million USD, provided that NYGB in its discretion may increase the principal amount to up to $12 million USD; No shares are issuable in connection with the Loan; and the Loan is secured against the assets associated with the Projects and the Company has provided a guarantee of payment.
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Industry
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Energy
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Location
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NY
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| Related Tags |
Energy, NY Green Bank
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ABL Advisor
Deal Tables
2026
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