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
We’ve all heard ideas like the one being expressed here, though this one sounds extreme. Jail sentence? Education is exclusively an exercise in pounding in bad habits?
What’s the outcome for students in the very worst of our schools that make no attempt whatsoever to help its pupils learn to think critically? Well, their kids learn to:
- Read and write
- Do math, at least through algebra
- Understand some level of history and geography
- Make friends and get along with others
- Establish independence from the parents
- Gain the qualifications for employment
What’s the alternative? Illiteracy? Social isolation? Child labor? Poverty? Neurotic sloth? Being a burden on society?
Is it a coincidence that the countries with the best educated children are the happiest, sanest and most productive nations on the planet?
If you’re a competent woman working at the highest echelon in the U.S. government, better start packing your bags.
Today we had another “assassination attempt.”
Is it the fourth or the fifth? I lost track after his ear grew back.
Eventually, after perhaps 20 or 30, even the most dimwitted American will recognize that he’s been played.
Trump is a man of God like I’m a bald eagle.
How Much Further Does the Trust of the American People Extend?
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