Altus Power has closed on a secured credit facility with a principal loan amount of $100 million by an affiliate of Goldman Sachs Asset Management and CPPIB Credit Investments III, a subsidiary of Canada Pension Plan Investment Board.
The company plans to use facility proceeds to support its ongoing expansion. The facility carries an 8.5% interest rate and a term of six years while being prepayable without penalty after three years.
“We’re pleased to welcome Goldman Sachs and CPP Investments as partners in Altus Power, bringing capital that will fund our expected growth plans in 2024,” says Dustin Weber, CFO of Altus Power. “This financing capitalizes on our growing cash flow generation, which has been a defining feature of our business model.”
“Our pipeline includes an attractive flow of operating and development assets and, with this efficient financing, we’re well positioned to execute on these opportunities,” adds Altus Power’s Gregg Felton. “We believe this new facility positions us to increase our market share while providing our counterparties with execution certainty and our shareholders with continued profitable growth.”
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Altus Power Closes Financing from Goldman Sachs and CPP Investments
Prioritizing the relative importance of addressing America’s social woes is, to be sure, an inexact science.
Our war vets are living on the streets, dying of preventable diseases. We may never another free and fair election. Clean energy, which was once making significant progress in decarbonizing our energy and transportation sectors, is being shot to ribbons by the current presidential administration.
But goddamn it! We need to start solving problems that don’t exist, like drag queens in our schools.
College students have been protesting en masse against U.S. aggression abroad and suppression of human rights domestically since the 1960s. These institutions and their students cite “free speech,” as guaranteed by the First Amendment, as the basis for this basic American right.
Now, with the stupidification (my word) of this nation, this has suddenly become controversial.
Does this guy have a solid point?
Is war a bad thing? What about rape and torture?
Do they point to weaknesses that must be strengthened?
Is Bullying a Bad Thing? Not if We Want a Society of Brutality
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