Energy Treaty Secures $300 Million Company Credit Line
Treaty Oak Clean Energy Secures $300 Million Credit Facility for Renewable Energy Expansion
Treaty Oak Clean Energy, a leading U.S. independent power producer specializing in renewable energy projects, has secured a significant boost to its growth plans with a $300 million senior secured corporate credit facility. The financing, led by major lenders ING Capital LLC, Nomura Corporate Funding Americas, and Sumitomo Mitsui Banking Corporation, underscores strong lender confidence in Treaty Oak's business model and management team.
Based in the United States, Treaty Oak focuses on utility-scale solar, wind, and battery energy storage systems (BESS). The new credit facility will enable the company to accelerate the development and construction of its renewable energy projects across the country, positioning it well in a market experiencing significant regulatory changes.
The portfolio spans multiple U.S. markets, with construction already underway on a 100 MW solar project in Arkansas, and a 385 MW project in Louisiana scheduled to commence in 2025. The facility will fund interconnection, offtake letters of credit, equipment, and corporate expenses, providing the capital needed to commercialise clean energy development projects across the U.S.
ING Capital LLC is acting as the Green Loan Agent, and Nomura Corporate Funding Americas is the Administrative Agent for the transaction. The credit facility is secured by a syndicate of top-tier global lenders, reflecting the strength and capabilities of the Treaty Oak platform.
Treaty Oak currently has 485 MW of projects with long-term power purchase agreements, and the credit facility will support the expansion of its renewable project pipeline. The transaction highlights the company's commitment to expanding renewable infrastructure and its emerging prominence in the U.S. clean energy sector.
In summary, Treaty Oak Clean Energy has secured a $300 million credit facility to accelerate the buildout and expansion of its renewable energy project pipeline in the U.S. The financing, led by ING Capital LLC, Nomura Corporate Funding Americas, and Sumitomo Mitsui Banking Corporation, demonstrates strong lender confidence in Treaty Oak's business model and management team, and is strategically positioned to support the company's growth in a market experiencing significant regulatory change.
This $300 million credit facility, secured by Treaty Oak Clean Energy, will be utilized to fund technology requirements such as interconnection, equipment, and corporate expenses for their utility-scale solar, wind, and battery energy storage systems. The technology-driven expansion will be facilitated by major finance partners including ING Capital LLC, Nomura Corporate Funding Americas, and Sumitomo Mitsui Banking Corporation.
