Nautilus Solar closed a $39 million non-recourse construction and term facility from Rabobank. The facility will support the construction of a solar photovoltaic portfolio of distributed generation projects located.
Nutraceutical increased its revolver to $100 million with a $30 million accordion feature. Rabobank will continue as lead bank, and Wells Fargo will remain as a lender and is currently the primary U.S. commercial banking partner.
Penford closed on a $145 million five-year revolver and a $25 million six-year delayed draw term loan. The facilities were arranged by Rabobank as administrative agent and KeyBank as syndication agent.