Amp Energy
Overview
| Deal Type |
Debt Capital Markets |
|---|---|
| Size |
$124 Million Senior Secured Credit Facilities |
| Client & Transactional Partners |
Amp Energy |
| Our Role |
Coordinating Lead Arranger Sole Bookrunner Administrative Agent Depository Bank Collateral Agent Issuing Bank |
Summary
On August 9, 2022, KeyBanc Capital Markets (KBCM) successfully closed $124 million of Senior Secured Credit Facilities (the Facilities) in support of Amp Energy’s (Amp) largest community solar portfolio (the Portfolio). The Facilities comprise of a $79 million Construction-to-Term Loan, a $38 million Tax Equity Bridge Loan, and $7 million in Letters of Credit. Proceeds will be used to fund the construction of the Portfolio, which comprises 13 community solar project in Massachusetts and New York with a total solar photovoltaic capacity of 61 MWDC and 6 MWAC of integrated battery storage. KBCM acted as Coordinating Lead Arranger, Sole Bookrunner, Administrative Agent, Depository Bank, Collateral Agent, and Issuing Bank on the transaction.
Founded in 2009 and headquartered in Toronto, Amp is a high-growth disruptor at scale, with global operations throughout North America, the UK, Australia, Japan, Spain, and Czech Republic. Amp’s US business, formed in 2016, surpassed 200 MW of operating and in-construction assets in 2022, with a further 500 MW to be built over the next 2–3 years.
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