SolaREIT Expands Revolving Credit Facility to $60 Million with Atlantic Union Bank and EagleBank
SolaREIT, a solar and battery storage real estate investment company, has expanded its revolving credit facility to $60 million through increased commitment from Atlantic Union Bank (NYSE: AUB) and syndication to EagleBank (NASDAQ: EGBN). This marks the third upsize in less than two years, with Atlantic Union Bank serving as the sole book runner and administrative agent.
The expanded facility will provide SolaREIT with additional capital to meet growing demand from solar and battery energy storage developers. The company offers innovative financing solutions to help developers and landowners maximize their real estate assets while supporting clean energy deployment. The expansion reflects growing market confidence in SolaREIT's business model and increasing demand for solar and storage land financing solutions.
SolaREIT, una società di investimento immobiliare specializzata in energia solare e stoccaggio di batterie, ha ampliato la sua linea di credito revolving a 60 milioni di dollari grazie a un aumento dell'impegno da parte di Atlantic Union Bank (NYSE: AUB) e alla sindacazione con EagleBank (NASDAQ: EGBN). Questo rappresenta il terzo aumento in meno di due anni, con Atlantic Union Bank che funge da unico book runner e agente amministrativo.
La struttura ampliata fornirà a SolaREIT capitale aggiuntivo per soddisfare la crescente domanda da parte degli sviluppatori di energia solare e stoccaggio di batterie. L'azienda offre soluzioni di finanziamento innovative per aiutare gli sviluppatori e i proprietari terrieri a massimizzare i loro beni immobili, sostenendo al contempo la distribuzione di energia pulita. L'espansione riflette la crescente fiducia del mercato nel modello di business di SolaREIT e l'aumento della domanda di soluzioni di finanziamento per terreni solari e di stoccaggio.
SolaREIT, una empresa de inversión inmobiliaria en energía solar y almacenamiento de baterías, ha ampliado su línea de crédito revolving a 60 millones de dólares gracias a un mayor compromiso de Atlantic Union Bank (NYSE: AUB) y a la sindicación con EagleBank (NASDAQ: EGBN). Este es el tercer aumento en menos de dos años, con Atlantic Union Bank actuando como único book runner y agente administrativo.
La instalación ampliada proporcionará a SolaREIT capital adicional para satisfacer la creciente demanda de desarrolladores de energía solar y almacenamiento de baterías. La empresa ofrece soluciones de financiamiento innovadoras para ayudar a los desarrolladores y propietarios de terrenos a maximizar sus activos inmobiliarios, al tiempo que apoya la implementación de energía limpia. La expansión refleja la creciente confianza del mercado en el modelo de negocio de SolaREIT y la creciente demanda de soluciones de financiamiento para terrenos solares y de almacenamiento.
SolaREIT는 태양광 및 배터리 저장 부동산 투자 회사로, Atlantic Union Bank (NYSE: AUB)로부터의 증가된 약정과 EagleBank (NASDAQ: EGBN)와의 신디케이션을 통해 6천만 달러로 회전 신용 시설을 확대했습니다. 이는 2년이 채 되지 않아 세 번째 증가이며, Atlantic Union Bank는 단독 북러너이자 관리 에이전트 역할을 하고 있습니다.
확대된 시설은 SolaREIT에 태양광 및 배터리 에너지 저장 개발자들의 증가하는 수요를 충족시키기 위한 추가 자본을 제공합니다. 이 회사는 개발자와 토지 소유자가 부동산 자산을 극대화할 수 있도록 돕는 혁신적인 금융 솔루션을 제공하며, 청정 에너지 배포를 지원합니다. 이번 확장은 SolaREIT의 비즈니스 모델에 대한 시장의 신뢰가 커지고 있으며, 태양광 및 저장 토지 금융 솔루션에 대한 수요가 증가하고 있음을 반영합니다.
SolaREIT, une société d'investissement immobilier spécialisée dans l'énergie solaire et le stockage de batteries, a élargi sa ligne de crédit revolving à 60 millions de dollars grâce à un engagement accru de la part d'Atlantic Union Bank (NYSE: AUB) et à une syndication avec EagleBank (NASDAQ: EGBN). Cela marque la troisième augmentation en moins de deux ans, avec Atlantic Union Bank agissant en tant que seul book runner et agent administratif.
La structure élargie fournira à SolaREIT un capital supplémentaire pour répondre à la demande croissante des développeurs d'énergie solaire et de stockage de batteries. L'entreprise propose des solutions de financement innovantes pour aider les développeurs et les propriétaires fonciers à maximiser leurs actifs immobiliers tout en soutenant le déploiement d'énergie propre. L'expansion reflète la confiance croissante du marché dans le modèle commercial de SolaREIT et la demande croissante de solutions de financement pour les terrains solaires et de stockage.
SolaREIT, ein Unternehmen für Immobilieninvestitionen in Solarenergie und Batteriespeicher, hat seine revolvierende Kreditfazilität auf 60 Millionen Dollar erweitert, dank eines erhöhten Engagements von Atlantic Union Bank (NYSE: AUB) und einer Syndizierung mit EagleBank (NASDAQ: EGBN). Dies stellt die dritte Erhöhung in weniger als zwei Jahren dar, wobei die Atlantic Union Bank als alleiniger Bookrunner und Verwaltungsagent fungiert.
Die erweiterte Fazilität wird SolaREIT zusätzliches Kapital zur Verfügung stellen, um der wachsenden Nachfrage von Entwicklern für Solar- und Batteriespeicher gerecht zu werden. Das Unternehmen bietet innovative Finanzierungslösungen an, um Entwicklern und Grundstückseigentümern zu helfen, ihre Immobilienwerte zu maximieren und gleichzeitig die Bereitstellung sauberer Energie zu unterstützen. Die Erweiterung spiegelt das wachsende Vertrauen des Marktes in das Geschäftsmodell von SolaREIT und die steigende Nachfrage nach Finanzierungsangeboten für Solar- und Speichertland wider.
- Credit facility expanded to $60 million, indicating strong financial backing
- Third successful upsize in less than two years demonstrates growing market confidence
- Partnership with two established banks (AUB and EGBN) strengthens financial position
- None.
Insights
EagleBank's syndication in SolaREIT's
From a lending perspective, this type of financing typically offers banks multiple revenue streams: interest income on drawn balances, commitment fees on undrawn portions, and potential arrangement fees. Solar and storage projects generally feature long-term contracts with predictable cash flows, which translates to favorable risk-adjusted returns for lenders like EagleBank.
The syndicated structure allows EagleBank to diversify risk while still gaining exposure to the clean energy transition. While the specific commitment amount from EagleBank isn't disclosed, the partnership demonstrates the bank's ability to participate in sophisticated commercial financing arrangements in growth sectors. Atlantic Union Bank's leadership role as administrative agent indicates they likely hold the larger position, with EagleBank taking a syndicate participant role.
For investors, this represents a modest positive strategic development, though its financial impact is likely immaterial given EagleBank's overall loan portfolio size. The deal demonstrates normal course business development activity rather than a transformative transaction, but positions the bank in a sector with significant long-term growth potential.
Third Upsize in Less Than Two Years Demonstrates Strong Market Confidence: Competitive Cost of Land Capital Benefits Solar and Storage Developers Across the Country
This marks the third upsize of the facility in less than two years, reflecting growing confidence in SolaREIT's business model and the increasing demand for solar and storage land financing solutions. The facility provides SolaREIT with additional capital to meet growing demand from solar and battery energy storage developers. The company's innovative financing solutions help developers and landowners maximize the value of their real estate assets while advancing clean energy deployment.
"We're thrilled to be partnering with Atlantic Union Bank and EagleBank to provide financing solutions to clean energy developers. This expanded facility demonstrates the financial community's confidence in our business model and team," said Laura Klein, CFO of SolaREIT. "As the clean energy transition accelerates, developers need reliable, flexible financing solutions. This increased capital allows us to continue scaling our support for solar and storage projects across the country."
"This third expansion of SolaREIT's credit facility demonstrates both their excellent execution and the robust demand for solar and storage land financing," said John Lester, SVP and commercial relationship manager at Atlantic Union Bank. "We're proud to continue growing our partnership with a company that's helping accelerate clean energy deployment through innovative real estate solutions."
"Eagle Bank recognizes the crucial role that innovative financing plays in advancing clean energy development," said Toby Haggerty, SVP and C&I relationship manager at EagleBank. "SolaREIT's unique approach to renewable energy real estate financing makes them an ideal partner, and we're excited to support their continued growth."
Solar and battery storage development require significant real estate investment. SolaREIT partners with developers and landowners to provide capital solutions that optimize land value and support project development. The company's practical, streamlined financing options deliver maximum flexibility based on clients' individual needs, financial goals, and vision for their land.
About SolaREIT™
SolaREIT™, based in
About Atlantic Union Bank
Headquartered in
About Eagle Bancorp, Inc. and EagleBank
Eagle Bancorp, Inc. is the holding company for EagleBank, which commenced operations in 1998. EagleBank is headquartered in
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SOURCE SolaREIT
FAQ
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