Spruce Power Holding Corporation announced $130 million in a debt financing led by Barings LLC.
Amount Raised
$130 Million
Round Type
Debt Financing
HoustonEnergyRenewable EnergySolarInvestors
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%.
Quick answer
Spruce Power raised $130 Million in a Debt Financing round, dated July 1, 2024. Investors: Barings LLC. Spruce Power is based in Houston, Texas, United States.
- How much did Spruce Power raise?
- Spruce Power raised $130 Million in a Debt Financing round on July 1, 2024.
- Who invested in Spruce Power?
- Barings LLC is named as investors in this round.
- What does Spruce Power do?
- Spruce Power Holding Corporation (NYSE: SPRU) is a leading owner and operator of distributed solar energy assets across the United States.
- Where is Spruce Power based and how big is it?
- Spruce Power is based in Houston, Texas, United States. Fundz records about 165 employees.
- Who are the decision-makers at Spruce Power?
- Fundz holds 2 contacts at Spruce Power. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Energy and Renewable Energy around the same time
Companies in the same sectors as Spruce Power that raised within 45 days of this round, from Fundz verified event records.
- MARCLEY raised $4.3M (Seed) on July 31, 2024.
- BluPine Energy raised $29M (Funding Round) on July 29, 2024.
- Greenely raised $8.7M (Series A) on July 26, 2024.
- Naked Energy raised $22M (Series B) on July 15, 2024.
- Sircel raised $5M (Funding Round) on July 11, 2024.
- Orus Energy raised $2.4M (Pre-Seed) on July 5, 2024.
Who to call at Spruce Power, and when
A new round usually means Spruce Power is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Spruce Power raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Spruce Power, from your own LinkedIn network
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Related People
Spruce Power raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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