secwatch.observer — SEC 8-K summary
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Issuer:     Altus Power, Inc. (—)
CIK:        0001828723
Form:       8-K
Filed at:   2023-02-16T23:59:59+00:00
Accession:  0001828723-23-000034
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 2.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Altus closes $293M acquisition of 220 MW solar portfolio, funded by $204M Blackstone loan at 5.62%
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- Acquired ~220 MW of solar assets from True Green Capital Fund III; base purchase price ~$293M.
- Financed with $204M term loan from Blackstone Structured Finance at fixed 5.62%; $193M drawn at close.
- Loan matures Oct 2047, anticipated repayment June 2033; can refinance without penalty after 3 years.
- Community solar now >20% of installed MW; NY joins top markets with >100 MW operating.
- Remaining $11M will fund completion of 13 MW of assets under construction from the acquisition.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828723/000182872323000034/0001828723-23-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828723/000182872323000034/amps-20230215.htm
  HTML page:      https://secwatch.observer/filing/0001828723-23-000034

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