Funding and M&A Roundup: Jupiter Secures $500 Million Credit Facility
Redwood Materials closes additional $75 million in Series E funding
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Jupiter Power, a utility-scale energy storage project developer and operator, has secured a $500 million senior-secured green revolving loan and letter of credit facility. Barclays Bank, HSBC Bank USA, ING Capital, National Association, Société Générale, and SMBC acted as Coordinating Lead Arrangers. HSBC Bank USA, National Association, also served as administrative agent and collateral agent. Kirkland & Ellis acted as borrower’s counsel, and Latham & Watkins acted as lenders’ counsel.
