Longroad Energy Holdings, a U.S. based renewable energy developer, owner and operator, closed $600 million in debt financing. The syndicated corporate credit facility was led by Apterra Infrastructure Capital, a platform company of Apollo, and joint lead arrangers Barclays and HSBC.
BB Energy Group Holding, a globally integrated commodities group, signed a one-year, $350 million revolving credit facility. ING Bank as documentation agent and facility agent of this new transaction.
Intersect Power closed an up to $800 million revolving corporate credit facility to support its continued organizational growth and expansion of its clean energy platform.
Reuters reported that First Citizens Bank filed a lawsuit against HSBC after it hired “dozens” of former Silicon Valley Bank employees in April. According to Reuters, First Citizens is alleging that HSBC “violated federal law by hiring away the workers.”
According to Reuters, David Sabow, the former head of technology and healthcare in North America for Silicon Valley Bank, is leading a team of “dozens” of former Silicon Valley Bank employees in joining HSBC’s U.S. division.
Origis Energy closed an upsizing amendment to its development finance facility, doubling capacity to $750 million. With enhanced flexibility and increased capacity, the credit facility will support further expansion of its solar and energy storage project pipeline.
HSBC Holdings’ wholly-owned subsidiary, HSBC Overseas Holdings (UK) Limited, entered into an agreement to sell its banking business in Canada (HSBC Canada) to Royal Bank of Canada (RBC) for a base cash consideration of C$13.5 billion ($10.1 billion).
Wabtec signed an amended and restated credit agreement that will increase the size of its existing revolving credit facility from $1.2 billion to $1.5 billion and added a $250 million delayed draw term loan facility.
Origis Energy, a renewable energy platform, closed a $375 million credit facility for its solar and energy storage development project pipeline.
Vobile Group secured more than $127 million in financing for its proposed acquisition of Particle Culture Technology Group in China. Solely led by HSBC, the bespoke financing package is comprised of a senior bilateral facility as well as private credit funds.