Nightpeak Energy, a next-generation independent power producer that integrates dispatchable generation with data center and large-load development, closed a $75 million corporate credit facility with Macquarie Group. The facility expands Nightpeak’s financial capacity to continue advancing its power generation and large-load enablement assets to meet growing AI and electricity demand across the United States.
The facility will support Nightpeak’s development strategy by providing letter of credit capacity for project security requirements, including generation and load interconnection and offtake obligations. It also includes a revolving credit sublimit for development expenses and general corporate purposes.
“Access to flexible, scalable capital is critical to Nightpeak’s mission to develop the energy infrastructure needed to enable load growth and ensure a reliable power grid,” Michael Laubenthal, chief financial officer of Nightpeak Energy, said. “For the last few decades, there has been very little growth in domestic electricity consumption — that status quo is being flipped upside down and now, over the next decade, expectations are that the grid will grow at the highest levels since the post-war period driven by onshoring of manufacturing, rapid data center growth, and continued electrification. Nightpeak is singularly focused on enabling these long-term trends through the execution of our business plan. We appreciate Macquarie’s confidence in our team and look forward to building on this relationship as we continue to grow.”
Macquarie’s commodities and global markets business served as lender for the transaction.
“We are pleased to support Nightpeak as it expands its platform and advances the reliable energy resources needed to meet growing electricity demand,” Sherri Brudner, managing director in Macquarie’s commodities and global markets business, said. “This facility reflects Macquarie’s ability to combine deep energy markets expertise with flexible structured financing solutions to support the development of critical power infrastructure.”
PEI Global Partners served as exclusive financial advisor to Nightpeak for the transaction.
“The transaction highlights the strength of the Nightpeak platform and its ability to deliver the full suite of dispatchable generation and powered-land solutions required to meet demand growth associated with the AI-boom,” Alex Heiman, managing director at PEI Global Partners, said. “Nightpeak is at the forefront of the industry, and we were delighted to work alongside the company to secure a flexible corporate financing facility designed to support generation and load interconnection and offtake obligations required to advance its gas, battery storage and powered-land portfolio.”
Milbank served as borrower’s counsel to Nightpeak and Paul Hastings served as lender’s counsel.
