Strata Clean Energy upsized its revolving loan and letter of credit facility by $150 million, growing the facility from $300 million to $450 million. The upsized facility closed on July 9, 2026, and will continue to support the expansion of Strata’s operational fleet and the ongoing commercialization of its diversified development pipeline.
The original $300 million facility closed in November 2023 with Nomura Securities International, a global investment bank in the energy and infrastructure sectors, acting as sole bookrunner and coordinating lead arranger. Nomura continues to lead the upsized facility in that same capacity, with First Citizens Bank serving as coordinating lead arranger.
“This upsize reflects the continued confidence our financial partners have in Strata’s platform and growth trajectory,” Alex Wilhelm, chief financial officer of Strata Clean Energy, said. “Increasing our liquidity to $450 million gives us additional flexibility to invest in our development pipeline and support our EPC and O&M businesses as we scale to meet growing demand across the country.”
Vinod Mukani, global head of infrastructure and power finance of Nomura, added, “Nomura is proud to continue supporting Strata Clean Energy as it scales its vertically integrated platform.”
Alain Halimi, managing director, infrastructure and power finance at Nomura, said, “Having led the original facility in 2023, we are pleased to expand our commitment. This upsize reflects the strength of Strata’s business model, the quality of its development pipeline, and our continued confidence in the Company’s long-term growth strategy.”
The proceeds of the upsized facility will continue to support the development, construction and operation of Strata’s renewable energy and energy storage projects, as well as provide additional working capital for the company’s growing EPC and O&M divisions.
Nixon Peabody and Norton Rose Fulbright acted as borrower’s and lenders’ counsel, respectively.
