VoltaGrid Secures Long-Term Capital Via a Combination of $550 Million Term Loan and $210 Million of Equity
In conjunction with the Term Loan Facility, the Company has entered into a revised senior secured revolving credit facility (the “Credit Facility”) that provides immediate access to $100 million and up to $150 million under certain conditions.
- In conjunction with the Term Loan Facility, the Company has entered into a revised senior secured revolving credit facility (the “Credit Facility”) that provides immediate access to $100 million and up to $150 million under certain conditions.
- The Credit Facility includes support from BMO Capital Markets, The Toronto-Dominion Bank, National Bank of Canada, Scotiabank and Cadence Bank.
- Lastly, VoltaGrid is pleased to announce the closing of its follow-on equity raise of $210 million, which closed in the third quarter of 2023 and included investments from Longbow Capital Inc. (“Longbow”), CPP Investments and other strategic equity investors.
- BMO Capital Markets Corp. and National Bank Financial Markets acted as Co-Lead Arrangers and Bookrunners and Bank of Montreal as Administrative Agent for the Credit Facility.