Budderfly expands debt facility to $550 million with GIP and Vantage Infrastructure

Budderfly expanded its debt facility to $550 million to support the growth of its Energy-as-a-Service (EaaS) platform. The facility includes a new $250 million upsizing led by Global Infrastructure Partners (GIP), a part of BlackRock, with participation from existing lender Vantage Infrastructure. An additional $100 million accordion feature is also part of the expanded facility, reflecting strong institutional confidence in Budderfly’s operating model. This financing will accelerate the deployment of Budderfly-owned energy infrastructure across the U.S. mid-market, including energy-efficient technologies and intelligent building controls. The U.S. mid-market segment accounts for an estimated $55 billion in annual electricity spend, making this investment crucial for modernizing aging energy infrastructure.

Counterparts (4)

Lender

Global Infrastructure Partners

company

Global Infrastructure Partners (GIP) is a leading independent infrastructure fund manager with over $100 billion in assets under management, investing across energy, transport, water, and digital infrastructure globally. The firm focuses on large-scale equity investments in operating and brownfield assets.

Vantage Infrastructure

company

Vantage Infrastructure is an independent infrastructure investment manager focused on acquiring and managing core infrastructure assets globally. They target long-term, stable, and inflation-linked cash flows across a broad range of sectors including energy, utilities, transport, digital, and social infrastructure, primarily investing in brownfield and operating assets.

parent_company

BlackRock

company · 2 deals

BlackRock is a global asset manager and technology provider. They offer investment products, technology, and tools to help millions meet spending needs, build wealth, and retire securely.

borrower

Budderfly

company

Budderfly is an Energy-Efficiency-as-a-Service (EEaaS) provider, focusing on reducing energy consumption and costs for businesses. They partner with businesses to upgrade their energy infrastructure and manage energy usage.