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]

Core Viewpoint - A class action lawsuit has been filed against XPLR Infrastructure LP (NYSE: XIFR) on behalf of investors who acquired its securities between September 27, 2023, and January 27, 2025, due to allegations of misleading information regarding its yieldco business model [1][2]. Group 1: Allegations and Business Model - The complaint alleges that XPLR was struggling to maintain its operations as a yieldco and had entered into financing arrangements while downplaying associated risks [2]. - It is claimed that XPLR could not resolve its financing issues before maturity without risking significant unitholder dilution, leading to plans to halt cash distributions to investors [2]. - The sustainability of XPLR's yieldco business model and distribution growth rate was called into question due to these issues [2]. Group 2: Strategic Changes and Market Reaction - On January 28, 2025, XPLR announced it was abandoning its yieldco business and indefinitely suspending cash distributions to unitholders, shifting to a model utilizing retained operating cash flows for investments [3]. - Following this announcement, XPLR's common unit price fell from $15.80 on January 27, 2025, to $10.49 on January 29, 2025, marking a decline of $5.31 per unit, or nearly 35% [3]. Group 3: Legal Proceedings - Shareholders interested in participating in the class action must file their papers with the court by September 8, 2025, to serve as lead plaintiff [4]. - A lead plaintiff acts on behalf of other class members in directing the litigation, but participation is not required for recovery eligibility [4].