Clearway
Overview
| Deal Type |
Debt Capital Markets |
|---|---|
| Size |
$196 Million Senior Secured Credit Facilities |
| Client & Transactional Partners |
Clearway Energy Group |
| Our Role |
Coordinating Lead Arranger Joint Lead Arranger Administrative Agent |
Summary
On April 30, 2021, KeyBanc Capital Markets (“KBCM”) successfully closed $196 million of Senior Secured Credit Facilities ( the “Facilities”) for Clearway's CS7 Portfolio (“CS7” or the “Portfolio”). The Facilities consist of a $148 million Construction-to-Term Loan, a $35 million Cash Equity Bridge Loan and an aggregate $13 million of Letters of Credit. Proceeds will be used to fund construction costs of the Portfolio. KBCM acted as Coordinating Lead Arranger, Joint Lead Arranger, and Administrative Agent.
The Portfolio consists of over one hundred community solar projects totaling 67 MW located in Illinois and Massachusetts.
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