---
schema_version: "secwatch.filing_event.v1"
accession: "0001828723-23-000139"
form_type: "8-K"
ticker: null
cik: "0001828723"
company_name: "Altus Power, Inc."
filed_at: "2023-12-21T23:59:59+00:00"
generated_at: "2026-06-07T09:20:02.300340+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Altus Power closes 121 MW solar acquisition from Basalt/Soltage; adds $163M debt facility

## Summary
- Acquired ~121 MW solar assets (Project Hyperion) primarily in NC and SC base price ~$120.4M plus up to $8M earnout.
- Funded $89M from Credit Agreement and cash; total portfolio approaching 900 MW by end of 2023.
- Entered Amendment No. 3 to Credit Agreement adding $163M at 6.70%, total term loan now $430M at 6.03%.
- Assets sourced from funds advised by Basalt Infrastructure Partners and Soltage, LLC; expands SE presence.

## SEC filing metadata
- accession: 0001828723-23-000139
- form_type: 8-K
- cik: 0001828723
- company_name: Altus Power, Inc.
- filed_at: 2023-12-21T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828723/000182872323000139/0001828723-23-000139-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828723/000182872323000139/amps-20231220.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001828723-23-000139
- JSON: https://secwatch.observer/filing/0001828723-23-000139.json
- Plain text: https://secwatch.observer/filing/0001828723-23-000139.txt

## Key facts
- Debt Financings
  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
  source text: 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%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828723/000182872323000139/0001828723-23-000139-index.htm
- M&A Transactions
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828723/000182872323000139/0001828723-23-000139-index.htm
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828723/000182872323000139/0001828723-23-000139-index.htm

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