AES Clean Energy

Overview

Deal Type Debt Capital Markets
Size $700 Million
Senior Secured Revolving Credit Facility
Client & Transactional Partners AES Clean Energy
Our Role Bookrunner
Issuing Bank
Lead Arranger

Summary

On December 30, 2021, KeyBanc Capital Markets (KBCM) successfully closed a $700 million Senior Secured Revolving Credit Facility (the Facility) supporting AES Clean Energy’s 1.3 GW development portfolio (the Portfolio). Proceeds from the Facility will be used to fund construction costs of the Portfolio. KBCM acted as Lead Arranger, Bookrunner, and Issuing Bank.

The Portfolio consists of 17 community solar, solar plus storage, standalone storage, and distributed generation solar projects located across Arizona, California, Michigan, New York and Virginia, totaling 1,296 MWAC of which 861 MWAC is solar and 435 MW / 1,740 MWh is storage. The Portfolio is expected to become operational between August 2022 and December 2023.

Recent Deals

July 2025

a portfolio company of 

and

$1.815 Billion

Senior Secured Credit Facilities

$900 Million

8.50% First Lien Secured Notes due 2032

Joint Lead Arranger
Joint Bookrunner

radiology-partners
June 2025

 

El Camino Commons

$74.8 Million

Construction Loan & LIHTC Equity

el-camino-commons
June 2025

Hill Estates

Hill Estates

$67.5 Million

Bridge to Perm Loan, Acquisition

hill-estates
June 2025

thermogenics

a portfolio company of

audax

acquired by

morgan stanley

Sell-Side Advisor

thermogenics

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