Global Infrastructure SherpaBank of America Acts as Financial Advisor for Utility Acquisition
Bank of America served as the financial advisor for the acquisition of a target utility company by an acquiring utility company for $1.2 billion. The acquisition will expand the acquiring company's service territory.
Counterparts (2)
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The financing package includes a $281 million term loan and a $24 million letter of credit facility. Quote: The financing package, which includes a $281 million term loan and a $24 million letter of credit facility, will provide term financing for the portfolio.
"Summit Ridge Energy, the nation’s leading commercial solar company, today announced the closing of a $305 million senior secured credit facility with Bank of America"
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"The facility was raised alongside HASI, a leading investor in sustainable infrastructure assets."
"which included ING Capital as Green Loan Structuring Agent and Coordinating Lead Arranger"
"and KeyBanc Capital Markets as Coordinating Lead Arranger."
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