Spruce Power (SPRU) Enters $130M Debt Financing
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Spruce Power Announces $130 Million Debt Financing
July 1, 2024 7:30 AM EDTDENVER--(BUSINESS WIRE)-- Spruce Power Holding Corporation (NYSE: SPRU) (Spruce or the Company), a leading owner and operator of distributed solar energy assets across the United States, today announced that certain of its subsidiaries have closed on a $130 million non-recourse debt facility (the New Debt Facility) provided by Barings LLC (Barings). The New Debt Facility refinances the Companys term loan of $125 million (the SP4 Facility) and provides for a net injection of incremental capital.
Spruce is proud to announce the execution and closing of the refinance of its SP4 Facility. This transaction achieves a favorable balance of... More
