Natixis CIB Leads $918.9M Credit Facilities for Clearway Energy Group

Whats Happening:

Natixis Corporate and Investment Banking (Natixis CIB) has successfully closed a $918.9 million transaction for Clearway Energy Group. The financing upsizes and extends the tenor of existing $818.9 million credit facilities, with support from existing lenders and five new lenders joining the syndicate. The credit facilities will support Clearway's expanding development and growth of renewable energy generation and battery storage projects.

Key Moves:

• Natixis CIB leads $918.9 million credit facilities for Clearway Energy Group

• Transaction upsizes and extends tenor of existing $818.9 million facilities

• Five new lenders join the syndicate to support the deal

By The Numbers:

• $918.9 million total transaction value

• $400 million revolving credit facility

• $350 million letter of credit facility

Key Quotes:

• "We are excited to upsize and extend this financing, which is a key enabler of our project development activities across wind, solar, and battery storage." - Max Gardner, Treasurer and Senior Vice President of Corporate Finance at Clearway Energy Group

• "We are proud to support Clearway Energy Group in closing this landmark transaction, which strengthens their robust project pipeline and accelerates the energy transition." - Arnaud Stevens, Managing Director, Head of Global Trade, Americas at Natixis CIB

Bottom Line:

The $918.9 million credit facilities led by Natixis CIB significantly boost Clearway Energy Group's capacity to develop and expand its renewable energy and battery storage projects. This transaction demonstrates strong investor confidence in the renewable energy sector and Clearway's growth strategy, positioning the company to capitalize on opportunities in clean energy solutions.

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