Hecate Energy closes $550m financing

February 20, 2023

US renewable power and energy storage developer Hecate Energy LLC has closed a five-year $550 million credit facility package, consisting of a $250 million term loan and $300 million letter of credit facility to support the expansion of its solar and energy storage project pipeline. Investec Inc. and Nomura Securities International led the financing and, along with National Bank of Canada and Deutsche Bank, served as initial coordinating lead arrangers and syndication agents, with Generate Capital acting as a coordinating lead arranger and documentation agent for the transaction.