secwatch.observer — SEC 8-K summary
======================================

Issuer:     Greenbacker Renewable Energy Co LLC (—)
CIK:        0001563922
Form:       8-K
Filed at:   2023-08-17T23:59:59+00:00
Accession:  0001753926-23-001080
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1563922/000175392623001080/0001753926-23-001080-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1563922/000175392623001080/g083710_8k.htm
  HTML page:      https://secwatch.observer/filing/0001753926-23-001080

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer