![BrightNight Closes $375MM Corporate Credit Facility](/sites/default/files/styles/hart_news_article_image_640/public/image/2024/01/brightnight-closes-375mm-corporate-credit-facility.jpg?itok=fMBwyoHy)
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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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