Catalyze, a developer and independent power producer (IPP) of distributed renewable energy assets, closed a $200 million three-year HoldCo revolving and term debt and letter of credit facility from Deutsche Bank. The new facility bolsters the company’s capital capacity and fuels strategic expansion.
“This HoldCo facility represents a pivotal step, enabling us to invest across our enterprise, accelerate growth, and deepen our capacity to deliver clean energy at speed and scale,” Jared Haines, CEO of Catalyze, said. “The alignment with Deutsche Bank reflects confidence in our business model and positions us to unlock significant value for our investors, customers and the communities we serve.”
“The rapid increase in demand for distributed energy solutions presents a significant opportunity, and Catalyze has demonstrated they are well-positioned to capitalize on it,” Jeremy Eisman, head of infrastructure and energy financing at Deutsche Bank, said. “Deutsche Bank is proud to have underwritten Catalyze’s impressive distributed renewable energy platform and we look forward to continuing to support the company’s development and growth strategies going forward.”
This latest facility follows the recent closings of Catalyze’s $400 million financing with ATLAS SP Partners and an $85 million tax equity investment from RBC, bringing the total capital raised this year to nearly $700 million.
