FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


Citibank, Others Arrange Revolving Credit Facility Up to $200MM for Altus Power

December 21, 2022, 07:03 AM
Filed Under: Energy

Altus Power closed on a revolving credit facility which provides the company with up to $200 million in financing to support its growth of assets and ability to serve additional customers with solar energy generation, storage and vehicle charging. The credit facility carries a term of 5 years with a maturity of December 19, 2027. The Joint Lead Arrangers and Joint Bookrunners for the Credit Facility were Citibank, Bank of America, JPMorgan Chase Bank, KeyBank and Truist Securities.

Altus Power’s installed base of operating assets--currently serving customers with clean energy across 22 states--provides attractive recurring cash flow generation which can be redeployed to support the Company’s growth. The Credit Facility enhances the Company’s liquidity and financial flexibility as it pursues various growth initiatives and development activities.

“Securing a corporate revolver is one of the milestones that marks our maturity as a publicly traded company. The additional flexibility provided by our new Credit Facility allows us to confidently invest our cash position to grow our business and is one of the many competitive advantages we enjoy alongside our strategic partnerships with CBRE and Blackstone,” commented Dustin Weber, Chief Financial Officer of Altus Power.

Week's News

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.