Fundamental Renewables Secures $400 Million Credit Facility
09/15/22, 12:33 PM
Location
new yorkMoney raised
$400 million
Fundamental Renewables, an established provider of financing for solar and other renewable energy projects, today announced that it has secured a $400 million credit facility. Delaware Life Insurance Company ("Delaware Life"), a Group 1001 company, acted as the arranger of the facility and is a lead lender. Other lenders include CDPQ American Fixed Income V Inc., a wholly-owned subsidiary of CDPQ, and East West Bank. Fundamental Renewables is the clean energy investment arm of Fundamental Advisors ("Fundamental").
Company Info
Location
new york, new york, united states
Additional Info
Fundamental is a leading alternative asset manager dedicated to municipal, public purpose and community assets. Founded in 2007, the firm is focused on targeting control-oriented investments in stressed and distressed assets or securities, financing the development or revitalization of public purpose or community assets, and acquiring undervalued securities in the secondary market. Fundamental Renewables is the renewable and clean energy investment arm of Fundamental and an established provider of debt financing for renewable energy projects. For more information, please visit www.Fundamental.com.