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
Remarkably, there are still Americans who buy into the concept promoted at left. Most people have figured out that:
The greed of corporations and billionaires has usurped our lawmaking processes and made it extremely difficult for the working class to live any decent kind of life.
Rule of law is a joke in the United States.
The final days of free market capitalism are upon us, leaving the common American more depressed and desperate than in any past age.
As the United States continues its slide into corporatocracy and oligarchy, the concept of universal healthcare becomes ever more unlikely.
As the midterms approach, we need to brace ourselves for the onslaught of messaging from the GOP to the effect that Trump is the only force separating America from communism. This, believe it or not, is a concept warmly embraced by tens of millions of hateful idiots.
The rest of the developed world deems healthcare to be a human right, like potable water. We counter: Bull****. Corporate profitability is the supreme right here.
Yes, the MAGA crowd has a huge appetite for the type of rhetoric we see at left, but their numbers are slowing shrinking.
That said, it’s still amazing that the U.S. is home to tens of millions of idiots who believe that liberals hate our country and are trying to destroy it.
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