Plug Power Launches an Equipment Lease Financing Platform - Plug is Targeting >$150 million from a Combination of Debt Leverage & Customer Financing Solutions
Plug Power, Inc. (PLUG)
Last plug power, inc. earnings: 3/5 07:00 am
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US:NASDAQ Investor Relations:
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Source: GlobeNewswire
SLINGERLANDS, N.Y., Sept. 19, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, has announced the establishment of an equipment leasing platform and is targeting over $150 million in the near to mid-term. This platform is intended to enable Plug to access capital by leveraging its equipment asset base and to provide equipment financing solutions to Plug’s customers to support equipment sales growth. As a first step in this platform, Plug signed three separate sale and leaseback transactions equivalent to ~$44 million with GTL Leasing (“GTL”), a portfolio company of Antin Infrastructure Partners (“Antin”). The sale and leaseback transactions include various gaseous and cryogenic assets such as trailers and storage tanks for the transport and storage of hydrogen molecules. These transactions enable Plug to retain access to crucial hydrogen equipment while strengthening its financial position. T
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PLUG
Earnings
- 8/8/24 - Miss
PLUG
Sec Filings
- 11/8/24 - Form 4
- 11/8/24 - Form 4
- 11/8/24 - Form 4
- PLUG's page on the SEC website