Hecate Energy lands $530M credit facility for renewables pipeline

What's the deal? Hecate EnergyDealroom has a profile for this one. Try Dealroom → has secured a $525.4 million credit facility through an amendment and restatement of its existing debt agreement. The deal establishes a new $435 million restated A term loan and a $90.4 million restated B term loan.

What's the endgame? Hecate develops, owns, and operates renewable power projects and storage solutions across the US. It will use the proceeds for development capital expenditures on its renewables project pipeline and for general corporate purposes.

Who was involved? Law firm Cahill Gordon & ReindelDealroom has a profile for this one. Try Dealroom → advised Hecate on the transaction, with a team led by Emeka Chinwuba and Pete Rooney.

The signal: The facility ranks in the 93rd percentile among all-time US debt rounds in the energy sector, underscoring the scale of capital now flowing into renewables and storage development.

Read more: cahill.com

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