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.
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