Spruce Power Holding Corporation announced $130 million in a debt financing led by Barings LLC.
07/01/24, 11:38 AM
Location
Money raised
$130 million
Industry
solar
renewable energy
energy
Investors
Barings Llc
Spruce Power Holding Corporation has closed on a $130 million non-recourse debt facility provided by Barings LLC to refinance the Company’s term loan of $125 million and provide for a net injection of incremental capital. The New Debt Facility was rated A+ by Kroll and priced at a fixed loan rate of 6.889%.
Company Info
Location
houston, texas, united states
Additional Info
Spruce Power Holding Corporation (NYSE: SPRU) is a leading owner and operator of distributed solar energy assets across the United States. They provide subscription-based services that make it easy for homeowners to benefit from rooftop solar power and battery storage. Their power as-a-service model allows consumers to access new technology without making a significant upfront investment or incurring maintenance costs.