Spruce Power Holding Corporation announced $130 million in a debt financing led by Barings LLC.

Jul 01, 2024•over 1 year ago

Amount Raised

$130 Million

HoustonSolarRenewable EnergyEnergy

Investors

Barings Llc

Description

Spruce Power Holding Corporation has closed on a $130 million non-recourse debt facility provided by Barings LLC to refinance the Company’s term loan of $125 million and provide for a net injection of incremental capital. The New Debt Facility was rated A+ by Kroll and priced at a fixed loan rate of 6.889%.

Company Information

Company

Spruce Power

Location

Houston, Texas, United States

About

Spruce Power Holding Corporation (NYSE: SPRU) is a leading owner and operator of distributed solar energy assets across the United States. They provide subscription-based services that make it easy for homeowners to benefit from rooftop solar power and battery storage. Their power as-a-service model allows consumers to access new technology without making a significant upfront investment or incurring maintenance costs.

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