Hannon Armstrong Sustainable Infrastructure Capital (HASI), an investor in climate solutions, amended its revolving credit facility, increasing the committed line under the revolving credit facility by $240 million to $840 million. JPMorgan Chase Bank is the administrative agent for the facility.
Hercules Capital increased its committed letter of credit facility with Sumitomo Mitsui Banking Corporation by $75 million for a total of $175 million in credit capacity, subject to borrowing base, leverage and other restrictions.
Excelerate Energy entered into an amended and restated senior secured credit agreement. Proceeds from the term loan facility are intended to be used for the acquisition of the FSRU Sequoia, which is currently under a bare boat charter with a third party until mid-2025.
Mercuria’s North American operating entities closed its $3.4 billion multi-year senior secured borrowing base credit facility. The facility was over-subscribed, enabling Mercuria to increase the size by $100 million.
Phoenix Tower International amended and restated its senior credit facilities to consolidate and expand them into a single $2 billion senior secured multi facility transaction covering all of North and South America.
Marathon Capital entered into a strategic collaboration agreement with Sumitomo Mitsui Banking Corporation. The parties also have entered into an agreement for a minority equity investment in Marathon Capital. The proceeds will be used to accelerate the firm’s growth and expansion.
Lucid Group entered into a credit agreement on June 9 with a syndicate of banks providing a secured asset-based revolving credit facility with an initial committed amount of up to $1 billion. Bank of America is the administrative agent and swingline lender.
Hercules Capital increased its existing credit facilities with MUFG Bank and Sumitomo Mitsui Banking Corporation from a combined $500 million to $720 million, subject to a borrowing base, leverage and other restrictions.
Freepoint Commodities closed a $2.63 billion revolving bank facility. The facility consists of a $1.57 billion, three-year committed tranche and a $1.05 billion, one-year uncommitted tranche. Additionally, the facility has a $570 million accordion feature. BNP Paribas is the administrative agent for the facility.
Excelerate Energy and Excelerate Energy Limited Partnership entered into a senior secured revolving credit facility. JPMorgan Chase Bank is acting as administrative agent for the facility.