Solar energy specialist SunEdison has completed a $40m expansion of its project finance revolving credit facility, bringing the total capacity to $150m.
The expansion is the result of adding a new lender, TD Bank Group, which joins existing partners Deutsche Bank and Portigon.
For this transaction, Deutsche Bank acted as mandated lead arranger and sole bookrunner for the facility.
?SunEdison has a long standing relationship with TD Bank Group, and we are pleased to welcome them as a participant lender in our construction revolver,? said Chris Bailey, vice president of North America Project Finance for SunEdison.
?We are fortunate to count some of the world?s leading banks as financial partners. This enhanced revolver provides an additional level of flexibility as we continue to execute on our North American pipeline of projects.?
As of 30 June, SunEdison had connected more than 628 solar energy systems.
Copyright ? 2012 NewNet
Tags: project finance, solar, sunedison
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