Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Altus Power, Inc. incurred credit facility of $200,000,000 with Blackstone Asset Based Finance Advisors LP at SOFR plus 3.25% maturing November 10, 2027.
- Instrument
- credit facility
- Principal
- $200,000,000
- Counterparty
- Blackstone Asset Based Finance Advisors LP
- Rate
- SOFR plus 3.25%
- Maturity
- November 10, 2027
- Event
- incurrence
Exact text from the filing
Projects, and Solar Panel Assets, minus the percentages of certain excess commitments. The aggregate amount of the commitments on the closing date of the Credit Agreement is $200,000,000. The Credit Agreement also provides that the Borrower may draw amounts under the Credit Agreement so long as the borrowing base as determined by the collateral provided under the
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Altus Power, Inc. entered into Credit Agreement with Blackstone Asset Based Finance Advisors LP valued at $200,000,000 (effective 2023-11-10).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Blackstone Asset Based Finance Advisors LP
- Value
- $200,000,000
- Effective
- 2023-11-10
Exact text from the filing
On November 10, 2023, Altus Power, Inc. (“Altus Power” or the “Company”), through its subsidiary, APACF II, LLC (the “Borrower”), has entered into a Credit Agreement, dated November 10, 2023, among the Borrower, APACF II Holdings, LLC, Pass Equipment Co., LLC, each of the project companies from time to time party thereto, each of the tax equity holdcos from time to time party thereto, U.S. Bank Trust Company, National Association, U.S. Bank National Association, each lender from time to time party thereto (collectively, the “ Lenders ” and individually, a “ Lender ”) and Blackstone Asset Based Finance Advisors LP, as Blackstone representative (“Blackstone”)
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