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. amended term loan of $163 million with Blackstone Asset Based Finance Advisors LP at 6.70%.
- Instrument
- term loan
- Principal
- $163 million
- Counterparty
- Blackstone Asset Based Finance Advisors LP
- Rate
- 6.70%
- Event
- amendment
Exact text from the filing
The Third Amendment provides for an additional $163 million available to Altus for borrowing under the Credit Agreement, at an interest rate of 6.70%.
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M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
Altus Power, Inc. completed an acquisition involving Project Hyperion Holdco LLC and Soltage Hyperion Mgtco, LLC for approximately $120.4 million (closed 2023-12-20).
- Action
- acquisition
- Counterparty
- Project Hyperion Holdco LLC and Soltage Hyperion Mgtco, LLC
- Consideration
- approximately $120.4 million
- Closing
- 2023-12-20
Exact text from the filing
related to this transaction was originally announced during the Company’s Q3 2023 earnings call November 13, 2023. The base purchase price for these assets is approximately $120.4 million, subject to an earnout of up to $8 million, subject to the portfolio’s performance reaching certain targets during the twelve-month period which begins one month after the
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Altus Power, Inc. amended Amendment No. 3 with Blackstone Asset Based Finance Advisors LP valued at $163 million (effective 2023-12-20).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Blackstone Asset Based Finance Advisors LP
- Value
- $163 million
- Effective
- 2023-12-20
Exact text from the filing
On December 20, 2023, Altus Power, Inc. (“Altus Power” or the “Company), through its subsidiaries, APA Finance III Borrower, LLC (the “Borrower”), and APA Finance III Borrower Holdings, LLC (“Holdings”) entered into an Amendment No. 3 (“Amendment No. 3”) to the Credit Agreement
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