---
schema_version: "secwatch.filing_event.v1"
accession: "0001828723-23-000126"
form_type: "8-K"
ticker: null
cik: "0001828723"
company_name: "Altus Power, Inc."
filed_at: "2023-11-13T23:59:59+00:00"
generated_at: "2026-06-08T05:24:16.725936+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Altus Power secures $200M construction facility from Blackstone for solar assets

## Summary
- $200M credit facility from Blackstone, matures Nov 10, 2027, interest at SOFR + 3.25%.
- Facility funds construction costs including equipment, labor, interconnection, and development fees.
- CFO Dustin Weber says facility provides advantage to optimize working capital for 2024 expansion.
- Co-CEO Gregg Felton highlights first-of-its-kind facility leveraging insurance capital appetite.
- Facility not currently drawn; can prepay without premium/penalty.

## SEC filing metadata
- accession: 0001828723-23-000126
- form_type: 8-K
- cik: 0001828723
- company_name: Altus Power, Inc.
- filed_at: 2023-11-13T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828723/000182872323000126/0001828723-23-000126-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828723/000182872323000126/amps-20231110.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001828723-23-000126
- JSON: https://secwatch.observer/filing/0001828723-23-000126.json
- Plain text: https://secwatch.observer/filing/0001828723-23-000126.txt

## Key facts
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828723/000182872323000126/0001828723-23-000126-index.htm
- Material Agreements
  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
  source text: 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”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828723/000182872323000126/0001828723-23-000126-index.htm

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