While most of the projects are under construction, two recently achieved commercial operation.
KeyBanc Capital Markets acted as Coordinating Lead Arranger for the syndicated debt facility totaling $519m. KeyBank NA, CIT Bank NA, CoBank ACB, Coöperatieve Rabobank, Norddeutsche Landesbank Girozentrale, Siemens Financial Services and Wells Fargo Bank, NA, were involved.
“With a company that is growing so quickly, recycling capital is incredibly important,” said Ray Henger, senior vice president structured finance at sPower.
