secwatch / observer
8-K filed January 2, 2024, 6:59 PM ET CIK 0001828723
debt confidence high sentiment positive materiality 0.65

Altus Power, Inc.: debt financing — Altus Power secures $100M term loan from Goldman Sachs and CPP Investments at 8.50%

Altus Power, Inc.

Key facts

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 term loan of $100 million with Goldman Sachs and CPP Investments at 8.50% maturing December 27, 2029.

Instrument
term loan
Principal
$100 million
Counterparty
Goldman Sachs and CPP Investments
Rate
8.50%
Maturity
December 27, 2029
Event
incurrence
Exact text from the filing
entered into a Credit Agreement with an affiliate of Goldman Sachs Asset Management (“Goldman Sachs”) and CPPIB Credit Investments III Inc., a subsidiary of Canada Pension Plan Investment Board (“CPP Investments”; and together with Goldman Sachs, the “Lenders”) and Wilmington Trust, National Association, as administrative agent for the Lenders (the “Credit Agreement”) under the terms of which the Lenders committed to lend the Company up to $100 million in term loan financing to support its growth needs (the “Facility”).
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.99

Altus Power, Inc. entered into Credit Agreement with Goldman Sachs Asset Management affiliate and CPPIB Credit Investments III Inc. valued at up to $100 million term loan financing, with $100 million borrowed at closing (effective 2023-12-27).

Action
entry
Agreement
credit facility
Counterparty
Goldman Sachs Asset Management affiliate and CPPIB Credit Investments III Inc.
Value
up to $100 million term loan financing, with $100 million borrowed at closing
Effective
2023-12-27
Exact text from the filing
On December 27, 2023, Altus Power, Inc. (“Altus Power” or the “Company), through its subsidiary, APA Generation Holdings, LLC (the “Borrower”), entered into a Credit Agreement with an affiliate of Goldman Sachs Asset Management (“Goldman Sachs”) and CPPIB Credit Investments III Inc., a subsidiary of Canada Pension Plan Investment Board (“CPP Investments”; and together with Goldman Sachs, the “Lenders”) and Wilmington Trust, National Association, as administrative agent for the Lenders (the “Credit Agreement”) under the terms of which the Lenders committed to lend the Company up to $100 million in term loan financing to support its growth needs (the “Facility”).
View on SEC.gov

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Source: SEC EDGAR
accession 0001828723-24-000006
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