US EditionAypa Power Closes Upsizing of Existing Credit Facility to $1.05 Billion
- On May 1, 2025, in Austin, Texas, the utility-scale energy storage and renewable energy developer owned by Blackstone announced an increase in its corporate credit facility size to $1.05 billion.
- The upsizing follows a $400 million increase in 2024 to the original $650 million facility first closed in July 2024, reflecting lender confidence in Aypa’s execution.
- The increased credit facility, totaling $1.05 billion, includes a $300 million senior loan, a $200 million revolving credit arrangement, and a $550 million letter of credit, which together bolster Aypa’s extensive multi-gigawatt project portfolio throughout North America.
- Chief Financial Officer Marc Atlas highlighted that with more than 22 gigawatts underway, the expanded facility enables the company to grow responsibly and support the areas of the grid that require it most.
- This deal enhances Aypa’s financial foundation and enables further progress in its large-scale storage and combined renewable energy developments throughout important markets.
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Aypa Power Closes Upsizing of Existing Credit Facility to $1.05 Billion
AUSTIN, Texas, May 1, 2025 /PRNewswire/ - Aypa Power, a Blackstone portfolio company and leading developer, owner, and operator of utility-scale energy storage and hybrid renewable energy projects, today announced the successful upsizing of its corporate credit facility, originally closed…
·Denton, United States
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