secwatch.observer — SEC 8-K summary
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Issuer:     Altus Power, Inc. (—)
CIK:        0001828723
Form:       8-K
Filed at:   2023-12-21T23:59:59+00:00
Accession:  0001828723-23-000139
Event type: m_and_a
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828723/000182872323000139/0001828723-23-000139-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828723/000182872323000139/amps-20231220.htm
  HTML page:      https://secwatch.observer/filing/0001828723-23-000139

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