GSRP Slate Solar + Storage Project
|Deal Type||Debt Capital Markets|
Senior Secured Credit Facilities
|Client & Transactional Partners||Goldman Sachs Renewable Power||Our Role||Joint Lead Arranger|
On June 10, 2021, KeyBanc Capital Markets (“KBCM”) successfully closed $516 million of Senior Secured Credit Facilities (the “Facilities”) for Goldman Sach's Slate Solar + Storage project ("Slate" or the "Project"). The Facilities consist of a $223 million Construction-to-Term Loan, a $235 million Bridge Loan, and an aggregate $57 million in Letters of Credit. Proceeds will be used to fund the construction costs of the Project. KBCM acted as Joint Lead Arranger.
Slate consists of one stand-alone solar + storage project totaling 75 MW of solar capacity and 300 MWh of battery storage located in California.