PureSky Energy, a developer, owner and operator of community solar and energy storage projects in the United States, closed a $62 million upsizing of its corporate credit facility arranged by Nomura. The transaction closed concurrently with PureSky’s investment-grade refinancing of operating debt, enabling the repayment of certain legacy holding company indebtedness and further strengthening the company’s balance sheet.
Together, these financing initiatives represent a significant milestone in PureSky’s broader capital structure strategy. Through the simultaneous refinancing of operating-level debt and expansion of its corporate credit facility, PureSky has simplified its capital structure, reduced financing complexity and enhanced liquidity to support continued execution across its U.S. community solar and distributed generation platform.
“Completing these transactions is a defining moment for PureSky’s capital strategy,” Rami Khadra, chief financial officer of PureSky Energy, said. “The expanded credit facility provides us with increased financial flexibility to support our growing development and construction portfolio while maintaining a disciplined and streamlined capital structure. Nomura has been a trusted partner throughout this process, reflecting PureSky’s strong platform, execution capabilities and long-term value creation.”
Vinod Mukani, global head of Nomura’s infrastructure and power business, added, “As part of our commitment to providing bespoke capital to leading infrastructure businesses, we are pleased to have worked with PureSky to provide a tailored financing solution that supports the company’s continued growth. PureSky’s platform demonstrates the growing importance of community solar in delivering affordable clean energy solutions.”
Hua Ding, managing director at Nomura’s infrastructure and power business, said, “This financing reflects our disciplined approach for high-quality infrastructure platforms that combines strong operating fundamentals with compelling long-term growth opportunities. PureSky has established itself as a leader in the community solar sector through its experienced management team, scalable platform and commitment to delivering critical energy infrastructure. We look forward to supporting the company’s continued execution as it expands its footprint.”
With enhanced liquidity and a simplified capital structure, PureSky is positioned to advance its expanding pipeline of community solar and distributed generation projects across multiple U.S. markets. These financing initiatives provide the flexibility and durability required to support PureSky’s next phase of growth as it continues to deploy capital across a deep and diversified development pipeline.
