On September 19, 2019, East West Bank and participating lenders closed on a 3-year $125MM senior secured revolving credit facility for MMA Energy Holdings, LLC (“MEH”), a subsidiary of MMA Capital Holdings, Inc. Proceeds of the facility will be used by the Company to augment its existing investments in lending against renewable energy projects in the U.S. MEH is a non-bank financial services company that provides late stage development, construction and permanent financing in the commercial and utility scale renewable energy sector. The Company operates its loan origination and servicing via a management agreement with Hunt Investment Management, LLC (“Hunt’) that acts as the external manager for MMAC. To date, MEH has originated more than $1.7 billion of renewable energy project finance loans, $1.1 billion of which has been fully repaid.

“It has pleasure to work closely with MMAC’s management team and the team at Brean Capital to structure an efficient facility with detailed eligibility criteria and covenants that encompass ample credit enhancements and coverage for the lenders, while enabling MEH to manage its robust pipeline and meet its market demand. We look forward to having a mutually prosperous and growing relationship with both MMAC and Hunt that can expand beyond this Facility”, said Mark Parsa, Senior Vice President for East West Bank’s Structured Finance Group.

East West Bank was the Administrative Agent, Collateral Agent and Lead Arranger, Customers Bank was a Participant Lender.