CED California Texas Portfolio
Debt Capital Markets
Senior Secured Credit Facilities
|Client & Transactional Partners||
Joint Lead Arranger
On February 10, 2021, KeyBanc Capital Markets (“KBCM”) successfully closed $265 million of Senior Secured Credit Facilities (the “Facilities”) for the recapitalization of eight operating solar power projects (the “Portfolio”). The Facilities consist of a $250 million Term Loan and an aggregate $15 million of Letters of Credit. Proceeds will be used to to pay distribution to the sponsor. KBCM acted as Joint Lead Arranger.
The Portfolio consists of 8 solar projects totaling 569 MW located in California and Texas.