Radial Energy has closed on $225 million in debt financing from ATLAS SP Companions to assist its pipeline and working platform of distributed era initiatives.
The transaction represents Radial Energy’s inaugural portfolio-level debt financing, which is about to assist facilitate the corporate’s asset- and portfolio-level turnkey built-in C&I and neighborhood photo voltaic options.
“We’re excited to associate with ATLAS SP, an industry-leading structured merchandise and asset-backed credit score origination platform with vital expertise within the sustainability and distributed era area,” says John M. King, CFO of Radial Energy.
“This financing will assist Radial Energy’s sturdy pipeline of low-cost, low-carbon clear power options that allow actual property corporations to fulfill their short- and long-term ESG and sustainability targets. Our nationwide portfolio of best-in-class distributed era initiatives is unlocking worth from underutilized actual property, delivering options to our prospects and accelerating a sustainable U.S. power transition.”
Latham & Watkins acted as authorized counsel to Radial Energy and Mayer Brown acted as authorized counsel to ATLAS SP.
