(Source: Shutterstock.com)
Renewable power company BrightNight closed a $375 million corporate credit facility — a pre-approved loan for an extended time period —to execute its U.S. renewable energy solutions portfolio, according to a Jan. 4 press release.
Funding for the portfolio, which includes solar, energy storage and integrated technologies, “will support equipment deposits, letters of credit and project buildout," the company said.
“It [the funding] enables us to accelerate our projects, procure equipment at attractive terms and deliver clean renewable power for our customers," BrightNight CEO Martin Hermann said.
Latham & Watkins and PEI represented BrightNight in the transaction. Norton Rose Fulbright served as the lender counsel.
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