Aypa Power, a Blackstone portfolio company and leading developer, owner, and operator of utility-scale energy storage and hybrid renewable energy projects, has announced the successful upsizing of its corporate credit facility, originally closed in July 2024.
The upsized facility now totals $1.05 billion, comprised of a $300 million Term Loan, $200 million Revolving Credit Facility, and $550 million Letter of Credit Facility. This represents a $400 million increase from the existing $650 million facility closed in 2024.
“This $400 million upsizing to the existing $650 million facility closed in 2024 reinforces the confidence of the lender community in Aypa’s proven execution capabilities and strength to lead in a fast-changing market,” said Marc Atlas, Chief Financial Officer at Aypa Power. “With over 22 gigawatts in development, this facility gives us the flexibility to scale with discipline and deliver where the grid needs it most.”
