{"id":514,"date":"2023-08-16T10:51:07","date_gmt":"2023-08-16T10:51:07","guid":{"rendered":"https:\/\/www.clearwayenergygroup.com\/?post_type=press_release&#038;p=514"},"modified":"2024-04-17T21:38:58","modified_gmt":"2024-04-17T21:38:58","slug":"clearway-secures-821-5-million-in-corporate-sustainability-linked-credit-facilities","status":"publish","type":"press_release","link":"https:\/\/www.clearwayenergygroup.com\/press-releases\/clearway-secures-821-5-million-in-corporate-sustainability-linked-credit-facilities\/","title":{"rendered":"Clearway Secures $821.5 Million in Corporate Sustainability-linked Credit Facilities"},"content":{"rendered":"<\/p>\n<p>SAN FRANCISCO \u2013 Clearway Energy Group (\u201cClearway\u201d), which owns one of the largest fleets of non-regulated renewable energy assets in the United States, announced today that it secured corporate credit facilities totaling $821.5 million.<\/p>\n<p>\u201cThis financing positions Clearway well to advance our development pipeline of more than 30 gigawatts and to expand upon our strong track record of delivering solar, wind, and battery storage projects,\u201d said Max Gardner, Treasurer and Vice President of Corporate Finance at Clearway. \u201cWe thank our financial partners for their continued confidence and support of our business.\u201d<\/p>\n<p>The corporate sustainability-linked credit facilities consist of a $300 million revolving credit facility, a $171.5 million Green term loan, and a $350 million letter of credit facility. Natixis Corporate &amp; Investment Banking (Natixis CIB) acted as coordinating lead arranger and lead sustainability and lead green loan coordinator. Canadian Imperial Bank of Commerce (CIBC Capital Markets) acted as passive sustainability and passive green loan coordinator. Joint lead arrangers were Banco Santander, S.A., New York Branch, BNP Paribas, Canadian Imperial Bank of Commerce, New York Branch, Desjardins Group, Keybank Capital Markets Inc., MUFG Bank, Ltd., National Australia Bank Limited, Sumitomo Mitsui Banking Corporation (SMBC), the Toronto-Dominion Bank, New York Branch, and Truist Securities.<\/p>\n<p>Clearway provides renewable power under long-term offtake contracts to corporate, residential, and wholesale customers including utilities, municipalities, cooperatives, and competitive retail providers. The company\u2019s 30-gigawatt pipeline includes solar, wind, and battery storage across 28 states.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Clearway Energy Group (\u201cClearway\u201d), which owns one of the largest fleets of non-regulated renewable energy assets in the United States, announced today that it secured corporate credit facilities totaling $821.5 million.<\/p>\n","protected":false},"author":5,"featured_media":0,"template":"","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Clearway Secures $821.5 Million in Corporate Sustainability-linked Credit Facilities - Clearway Energy<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.clearwayenergygroup.com\/press-releases\/clearway-secures-821-5-million-in-corporate-sustainability-linked-credit-facilities\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Clearway Secures $821.5 Million in Corporate Sustainability-linked Credit Facilities - 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