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
As shown here, we live in a society that glorifies the very worst traits of the human animal and seems to be on a rocket ride to its own destruction.
Ignorance has terrific value to the billionaire class. If you’re filthy rich, you really don’t want a nation full of people learning that pure market capitalism is, by its very nature, exploitative, or that the consumption of fossil fuels is destroying our planet’s capacity to support life.
The Trump administration and congressional Republicans are exceptionally good at focusing the MAGA base on problems that don’t exist.
What bathrooms should trans people use? Well, before we work ourselves into a frenzy, let’s ask ourselves if this is an issue that is really harming the good people of this nation.
Keep in mind that 60% of Americans live paycheck-to-paycheck and are struggling to afford groceries.
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