Bay Point Advisors provided a multi-tiered, senior secured debtor-in-possession loan to Hannah Solar. The funds will allow Hannah Solar to consolidate its existing secured debt and obtain the working capital necessary to fund its operations during its reorganization process.
Hannah Solar is a NABCEP certified design/build firm that provides solar energy engineering, products, installation and service with offices throughout the Southeast U.S. A solar integrator in the Southeast, Hannah Solar was once Georgia’s largest turn-key engineering, procurement and construction (EPC) solar firm. Its projects include solar design, procurement, construction, and service; electric vehicle (EV) charging station procurement and installation; back-up generator installation; and energy storage systems, including battery systems with and without solar. Some of Hannah Solar’s most high-profile projects in Atlanta include Mercedes-Benz Stadium, the Beltline and NCR headquarters.
“We are pleased to provide continued financial support to industries of all types,” Charles Andros, president and chief investment officer of Bay Point Advisors, said.
John Isbell of the Law Offices of John F. Isbell LLC served as legal advisor to Bay Point Advisors.
Bay Point Advisors is a specialty lender focused on asset-based loans.
