---
schema_version: "secwatch.filing_event.v1"
accession: "0001753926-23-001080"
form_type: "8-K"
ticker: null
cik: "0001563922"
company_name: "Greenbacker Renewable Energy Co LLC"
filed_at: "2023-08-17T23:59:59+00:00"
generated_at: "2026-06-11T07:41:22.155009+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Greenbacker closes $75M warehouse facility for renewable energy projects; expandable to $250M

## Summary
- Initial $75M credit facility; can be increased up to $250M; includes $50M sublimit for letters of credit.
- Three-year revolving facility; interest at SOFR plus margin of 2.025% (first two years), then 2.275%.
- Proceeds support construction/operation of solar, solar-plus-storage, and standalone storage projects.
- Facility secured by equity interests in borrower and its subsidiaries; guaranteed by certain subsidiaries.
- Commitment fee of 0.50% per annum on unused commitments; Wells Fargo as lead arranger.

## SEC filing metadata
- accession: 0001753926-23-001080
- form_type: 8-K
- cik: 0001563922
- company_name: Greenbacker Renewable Energy Co LLC
- filed_at: 2023-08-17T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1563922/000175392623001080/0001753926-23-001080-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1563922/000175392623001080/g083710_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001753926-23-001080
- JSON: https://secwatch.observer/filing/0001753926-23-001080.json
- Plain text: https://secwatch.observer/filing/0001753926-23-001080.txt

## Key facts
- Debt Financings
  Greenbacker Renewable Energy Co LLC incurred credit facility of up to $75,000,000 with Wells Fargo Bank, National Association, as administrative agent at Loans under the Credit Facility bear interest at a rate per annum equal to (i) i maturing the third anniversary of the Closing Date.
  - Instrument: credit facility
  - Principal: up to $75,000,000
  - Counterparty: Wells Fargo Bank, National Association, as administrative agent
  - Rate: Loans under the Credit Facility bear interest at a rate per annum equal to (i) i
  - Maturity: the third anniversary of the Closing Date
  - Event: incurrence
  source text: as sustainability structuring agent, and Wilmington Trust, National Association serves as collateral agent. The Credit Agreement provides for aggregate commitments of up to $75,000,000, as may be increased up to $250,000,000, for secured revolving loans and letter of credit issuances (the “Credit Facility”). The proceeds of the Credit Facility are intended to be
  evidence_url: https://www.sec.gov/Archives/edgar/data/1563922/000175392623001080/0001753926-23-001080-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.