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”).
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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