NEW YORK CITY, June 6, 2025/ PRNewswire/– Onyx Renewables (Onyx), a leading company and owner of localized tidy energy options, today revealed the closing of a $ 260-million credit center to support the development of Onyx’s portfolio of dispersed energy tasks throughout the U.S.
The senior protected center, which might be increased to $ 350 million, is consisted of a term loan, revolving credit line, and a $ 10-million Letter of Credit center that will straight support the continuous building and operation of Onyx’s tidy energy facilities tasks, consisting of onsite solar PV and battery storage. These setups are anticipated to provide both instant and long-lasting advantages to a broad series of clients through energy expense savings, functional resiliency throughout interruptions, and minimized carbon emissions.
Apterra Facilities Capital functioned as the Administrative Representative, Lead Arranger, and Sole Bookrunner for the funding. Investec functioned as a Loan provider and Letter of Credit and Hedge Company, and ATLAS SP Partners, the storage facility financing and securitized items service majority-owned by Apollo funds, functioned as a Loan provider for the deal. The brand-new loans will change Onyx’s existing revolving credit center and represent the business’s biggest institutional capital raise to date, highlighting strong financier self-confidence in the business’s tested advancement, building, and running abilities.
” This funding structure supports the development and worth produced by the Onyx group and allows us to deal with the immediate requirement for carrying out cost-efficient, resistant power options in the business and commercial sectors,” stated Mary Beth Mandanas, CEO of Onyx Renewables. “We are well-positioned to even more scale and provide the best-in-class, quality options our clients anticipate.”
” Apterra is happy to have actually led this turning point deal for Onyx, supporting the business’s ongoing development and advancement of premium renewable resource tasks,” stated Michael Pantelogianis and Ralph Cho, co-CEOs of Apterra. “These tasks are poised to provide cost-competitive tidy energy to a broad series of clients, and our company believe the deal shows the kinds of tailored facilities financing options that Apterra can offer to leading designers and operators.”
About Onyx Renewables
Onyx Renewables is assisting business produce the bridge from today’s tidy energy truth to tomorrow’s possibilities. A leading company of localized tidy energy options across the country, Onyx leverages its comprehensive market proficiency to establish, financing, construct, own, and run tasks that provide instant financial cost savings and sustainability for our business, commercial, and institutional clients. From solar power to battery storage and beyond, Onyx changes energy and regulative intricacies into concrete outcomes, providing best-in-class, quality options to promote a sustainable future for the next generation. Onyx likewise partners with designers and EPCs to support, fund, and obtain tidy energy tasks. To read more, see onyxrenewables.com.
About Apterra
Apterra, an affiliate of Apollo Global Management, is a leading platform concentrating on ingenious funding options for facilities tasks. Our customized capital services empower customers, consisting of monetary sponsors and designers, to enhance possessions and attain sustainable development. Sustained by strong relationships, our circulation network guarantees smooth access to capital through collaborations with banks, financiers, and property supervisors. We are concentrated on driving development and functional stability in the facilities sector, while developing long-lasting worth for our customers. See www.Apterra.com to find out more.
Media Contacts
Onyx Renewables: Jenna Leitgeb, media@onyxrenewables.com
Apterra: https://apterra.com/contact
SOURCE Onyx Renewables LLC