Ecosave

Overview

Deal Type Debt Capital Markets
Size $53 Million
Senior Secured Credit Facilities
Client & Transactional Partners Ecosave
Our Role Sole Lead Arranger
Sole Bookrunner
Issuing Bank
Administrative Agent

Summary

On August 31, 2022, KeyBanc Capital Markets (KBCM) successfully closed on $53 million of Senior Secured Credit Facilities (Facilities) for Ecosave’s financing of their operating portfolio and development pipeline of energy conservation and resource management infrastructure projects. The Facilities comprise a $47 million multi-draw term loan, $3 million in letters of credit, and a $3 million revolving construction facility. KBCM acted as Sole Lead Arranger, Sole Bookrunner, Issuing Bank and Administrative Agent.

Ecosave is headquartered in Philadelphia, PA and is a portfolio company of Ridgewood Infrastructure. The Company focuses on energy conservation and resource management infrastructure projects for commercial and industrial businesses, primarily located on the east coast. Ecosave offers energy efficiency infrastructure solutions, which include upgrades to chillers, boilers, pumps, insulation, lighting, building controls and automation, among other energy conservation measures. Ecosave’s projects utilize long term contracts and include incentives that align the Company with clients to deliver energy savings.

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