Scout Clean Energy LC Facility
|Deal Type||Debt Capital Markets|
Senior Secured Credit Facility
|Client & Transactional Partners||
Scout Clean Energy
Quinbrook Infrastructure Partners
Coordinating Lead Arranger
On April 19, 2021, KeyBanc Capital Markets (“KBCM”) successfully closed a $50 million Senior Secured Letter of Credit Facility (the “Facility”) supported by a portion of Scout Clean Energy’s (“Scout”) operating wind portfolio (the “Portfolio”). Letters of Credit issued under the Facility will be used to support the development of Scout’s future pipeline of wind, solar, and energy storage projects. KBCM acted as Coordinating Lead Arranger, Sole Bookrunner, Issuing Bank, Administrative Agent, Collateral Agent, and Depositary Bank.
The Portfolio consists of two operating wind generation systems totaling 345 megawatts, located in Oklahoma and Indiana.