Blue Earth Closes $10 Million Revolving Credit Facility
Blue Earth, a renewable energy and energy efficiency services company, closed on a $10 million revolving line of credit facility. Under the terms of the agreement, TCA Global Credit Master Fund committed to lend a total of $10 million through one of the Fund’s senior secured revolving notes.
The initial tranche of $1.5 million was funded on February 22, 2013. Following the initial draw, the company must meet specific monthly collateral requirements to further draw upon the revolver.
“We are delighted to have this revolving credit facility with TCA,” stated Johnny R. Thomas, CEO of Blue Earth. “We have several renewable energy and energy efficiency projects, in different stages of development that are excellent candidates for funding with the revolving credit facility.”
TCA Fund Management Group, as the Investment Manager for TCA Global Credit Master Fund, acts as an advisor to many small companies.
Blue Earth is engaged in the clean technology industry with a primary focus on the energy efficiency and renewable energy sectors.