Onward Maine Portfolio, LLC

Overview

Deal Type Debt Capital Markets
Size $370.3 Million
Senior Secured Credit Facilities
Client & Transactional Partners Onward Maine Portfolio, LLC
Our Role Administrative Agent
Collateral Agent
Issuing Bank
Joint Lead Arranger

Summary

On February 10, 2022, KeyBanc Capital Markets (KBCM) successfully closed on $370.3 million of Senior Secured Credit Facilities (Facilities) for Onward Energy’s refinancing of a portfolio of three utility-scale wind assets in Maine. KBCM acted as Joint Lead Arranger, Administrative Agent, Collateral Agent and Issuing Bank for the portfolio.

The 384 MW portfolio of operating assets has a weighted average remaining power purchase agreement life of over 10 years with a diverse pool of investment grade offtakers. The portfolio utilizes tier 1 turbines from Vestas and maintains BOP O&M and administrative services by Onward affiliates. The Facilities were used to repay existing indebtedness of the portfolio as well as support ongoing operations.

Recent Deals

July 2025

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$1.815 Billion

Senior Secured Credit Facilities

$900 Million

8.50% First Lien Secured Notes due 2032

Joint Lead Arranger
Joint Bookrunner

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June 2025

 

El Camino Commons

$74.8 Million

Construction Loan & LIHTC Equity

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June 2025

scout

$280.2 Million

Senior Secured Credit Facilities

Coordinating Lead Arranger
Administrative Agent

scout-clean-energy-gonzaga-ridge
June 2025

Hill Estates

Hill Estates

$67.5 Million

Bridge to Perm Loan, Acquisition

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