Apex Clean Energy announced the refinancing and expansion of its corporate debt facilities to provide additional capital and flexibility for future growth. Partnering with eight global financial institutions on the transaction, Apex receives $650 million of debt capital through a $450 million senior secured green term loan facility and a $200 million senior secured green revolving letter of credit facility. Apex is a fully integrated platform, equipped to realize clean energy assets from origination to operations. This transaction will accelerate the next phase of growth as Apex builds projects on balance sheet and expands our diversified portfolio of operating assets with strong recurring revenues. Apex is honored to work with such renowned financial institutions as we continue to emerge as a leading pure-play clean energy independent power producer.
Securing this attractive financing is a major milestone in advancing Apex’s long-term strategy and underscores the strong relationships that Apex and Ares have with the financing community. Apex Clean Energy was founded with a singular focus: to accelerate the shift to clean energy. Through origination, construction, and operation of utility-scale wind, solar, and storage facilities, distributed energy resources, and green fuel technologies, Apex is expanding the renewable frontier across North America.