SolAmerica Energy Closes $79 million Sale Leaseback Tax Equity Commitment and $50 million Construction Financing for Illinois Portfolio [Yahoo! Finance]
KeyCorp (KEY)
Last keycorp earnings: 4/16 06:30 am
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Source: Yahoo! Finance
The financing includes a $50 million construction loan with KeyBank and a $79 million sale leaseback tax equity commitment from Key Equipment Finance. The projects are expected to reach commercial operation in 2025. SolAmerica is owned by funds managed by AB CarVal. KeyBanc Capital Markets, a leader in renewable energy financing and advisory services, acted as administrative agent, and collateral agent on this transaction. Key Equipment Finance, a leading equipment financier, acted as the sole tax equity investor. "SolAmerica is proud to partner with KeyBank for tax equity and construction financing for our latest portfolio of Illinois solar projects," said Tully Blalock, CEO of SolAmerica Energy. "This transaction continues our team's history of developing successful projects by leveraging our strong relationships with industry-leading partners like Key, who are able to provide diverse capital solutions. We look forward to working more together in the future." "As a part of our
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KEY
Earnings
- 10/17/24 - Beat
KEY
Sec Filings
- 12/13/24 - Form 8-K
- 11/8/24 - Form 4
- 11/8/24 - Form 4
- KEY's page on the SEC website