Guzman Energy, a wholesale power provider for U.S. communities seeking better power solutions, and BciCapital, the capital markets platform of City National Bank of Florida, closed an $80 million revolving credit facility on July 11, 2025. The new facility provides additional liquidity and standby letters of credit to Guzman, enabling the company’s expansion across the Western U.S. The facility has a three-year maturity with a one-year extension option.
BciCapital served as the initial lender, administrative agent, account bank, sole lead arranger, sole bookrunner and issuing bank on the transaction. UMB Bank and InBank participated in the facility and each offer valuable, local support to Denver-based Guzman Energy.
“This revolving credit facility provides enhanced flexibility amidst dynamic energy markets. Further, it strengthens our ability to expand our power portfolio and serve our customers with reliable and affordable energy,” Mike Ott, chief financial officer of Guzman Energy, said. “We appreciate the confidence shown by our banking partners, especially BciCapital, for their leadership in structuring this facility.”
The facility will be used for working capital, energy procurement and supporting the company’s continued service offering and market expansion. Vinson & Elkins served as legal counsel to Guzman Energy on the transaction. Venable served as legal counsel to BciCapital.
