Doral Renewables Secures Debt Financing For the Great Bend Solar Project
Apollo 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 $114 million financing for the project, which consisted of a $36 million construction-to-term loan facility, a $57 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 ...