Exus Renewables North America Closes $400-Million Credit Facility for Solar, Wind, Storage Projects

Core Insights - Exus Renewables North America has closed a $400-million senior secured corporate credit facility to fund the development and expansion of its renewable energy portfolio [1] - The company currently has over 700 MW of renewable energy assets in operation or under construction, with an additional 4.5 GW in active development [1] - The financing will support development-stage expenditures, including interconnection deposits, commercial offtake, and equipment procurement [1] Company Overview - Exus Renewables North America focuses on developing, repowering, and managing renewable energy assets to drive sustainable growth in the renewable energy sector [1] - The company operates from offices in Pittsburgh, New York, and Albuquerque, with a total portfolio exceeding 5.8 GW [1] Market Position - The company is well-positioned to meet the growing energy demands from data centers, manufacturers, and industrial operations across the nation [1] - Exus has secured major power purchase agreements with notable companies such as Google and Meta, reinforcing its market strength [1] Financing Details - The credit facility was arranged by Santander, Barclays Bank PLC, ING Capital LLC, and Nomura Securities International, Inc. as Coordinating Lead Arrangers [1] - KeyBanc Capital Markets Inc. and BHI, Bank Hapoalim's US commercial banking arm acted as Joint Lead Arrangers, with additional roles played by various financial institutions [1]