May 6 (Renewables Now) – US renewable energy developer Cypress Creek Renewables has closed a USD-125-million (EUR 116m) debt facility to further finance the growth of the company’s solar and storage pipeline.
The transaction was closed on May 3, providing the company with a revolving letter-of-credit and revolving working capital joint facility.
Investec served as a coordinating lead arranger alongside Credit Agricole, East West Bank, National Bank of Canada, Norddeutsche Landesbank, Silicon Valley Bank and Toronto-Dominion Bank.
This is the second such facility closed by Cypress Creek and Investec. It comes a few weeks after the solar projects developer also obtained USD 450 million in debt in a transaction with QIC as a joint lead arranger.
(USD 1.0 = EUR 0.928)
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