Doral Renewables Secures Debt Financing For the Great Bend Solar Project
APOApollo Management(APO) Newsfilter·2024-03-21 19:00

PHILADELPHIA, March 21, 2024 (GLOBE NEWSWIRE) -- Doral Renewables LLC ("Doral Renewables") has successfully closed construction debt financing for its Great Bend Solar project. HSBC acted as sole lender for the 114millionfinancingfortheproject,whichconsistedofa114 million financing for the project, which consisted of a 36 million construction-to-term loan facility, a 57milliontaxequitybridgeloan,anda57 million tax equity bridge loan, and a 21 million letter of credit facility. Great Bend Solar is located on 370 acres in Meigs County, Ohio, approximately 100 miles southeast of Columbus ...