Ing Groep (ING) Stock News

ING (NYSE:ING) is providing construction financing for the Alamo City Battery Energy Storage System (BESS) in Bexar County, Texas. The 120 MW / 480 MWh standalone facility, developed and owned by OCI Energy with CPS Energy operational control, is designed to support about 30,000 homes for up to four hours during peak demand.

Partners include LG Energy Solution Vertech as battery supplier and Elgin Power Solutions as EPC contractor. Alamo City BESS is expected to enter commercial operation in 2027, enhancing grid reliability and flexibility for the San Antonio region.

Dimension Energy (ING) closed a $650 million financing package on April 1, 2026 to support a 132 MW portfolio of 25 community solar projects across Pennsylvania, New York, New Jersey, and Illinois.

The package includes $415 million in debt from First Citizens Bank, MUFG, ING Capital, and National Bank of Canada, plus $235 million in tax equity from new partner Franklin Park, intended to accelerate project construction and deployment.

Cambrian has secured a $150 million credit facility from ING Capital LLC to expand its Water-Energy Purchase Agreement (WEPA) offerings. This strategic partnership brings Cambrian's total commitment to industrial water reuse and energy infrastructure solutions to over $350 million, building on their previous $200 million equity commitment from November 2023. The company's WEPA platform provides decentralized wastewater treatment, water reuse, and renewable energy services to industrial facilities across North America, helping clients achieve cost savings while improving operational resilience and resource recovery. The partnership with ING, known for its sustainable finance initiatives, will enable Cambrian to scale its impact and reduce delivery costs while providing sustainable solutions aligned with client objectives.

Freepoint Eco-Systems has secured a groundbreaking $50 million non-recourse project finance facility from ING Capital for its plastic waste upcycling facility in Hebron, Ohio. The facility, with a capacity to process 180 million pounds of plastic waste annually, represents one of the world's largest commercial-scale operations for converting hard-to-recycle plastic into hydrocarbon-rich liquid for new products.

This landmark financing deal marks the first of its kind in the developing plastic reclamation space, demonstrating that innovative plastic upcycling facilities can access project finance loan markets. The facility aims to reclaim waste plastic otherwise destined for landfills or incineration, supporting Freepoint's strategy to establish multiple waste plastics upcycling facilities globally.

ING Capital has announced the closing of $424 million in credit facilities for International Transportation Service (ITS) at the Port of Long Beach. The facilities, comprising $224 million in taxable and $200 million in tax-exempt financing, will support a major terminal redevelopment project.

The redevelopment includes a $300 million slip-fill project that will increase yard capacity by 50%, enabling accommodation of two 18,000 TEU vessels simultaneously. Additionally, $100 million has been designated as Green Loans specifically for procuring electrified terminal equipment.

This initiative aligns with the California Clean Air Action Plan (CAAP) targets and aims to achieve net-zero emissions through key decarbonization strategies, including electrification and adoption of zero-tailpipe emissions equipment. ITS, owned by a Macquarie Asset Management managed vehicle, is making these strategic investments under the guidance of the City of Long Beach to enhance marine terminal infrastructure while promoting environmental sustainability.

Lafayette Square USA, Inc. announced that ING Capital has increased commitments to their sustainability-linked revolving credit facility, launched in June 2024. EverBank, N.A. and First Citizens Bank are providing additional commitments, increasing the facility from $75 million to $150 million. The facility has potential to grow to $250 million through an uncommitted accordion feature.

The annual interest rate is based on term SOFR plus a 2.70% margin, adjustable based on sustainability-linked loan (SLL) performance indicators. These indicators align with Lafayette Square's 2030 goals, including supporting 100,000 working-class jobs and investing 50% of capital in working-class communities.

This revolver complements Lafayette Square's recently acquired Specialized Small Business Investment Company (SSBIC) license, focusing on financing small businesses owned by underrepresented populations. The company also offers its Worker Solutions platform to portfolio companies, providing interest rate reductions for adopting beneficial HR policies.

Lafayette Square announced a new sustainability-linked revolving credit facility with ING Capital. The facility, secured by Lafayette's portfolio and unused capital commitments, aims to support their direct lending activities, primarily focusing on first lien senior secured loans. It matures in June 2029 and can grow up to $250 million through an uncommitted accordion feature. The annual interest rate is based on various rates, including term SOFR plus a 2.70% margin. This rate adjusts through a sustainability linked loan (SLL) pricing structure, with ING as the sole Sustainability Structuring Agent. The SLL aligns with Lafayette's 2030 goals to support 100,000 working-class jobs, invest 50% of capital in working-class communities, and enhance benefits for 50% of its portfolio companies.

Moreover, Lafayette Square offers its portfolio companies access to Worker Solutions, a platform designed to reduce turnover and increase benefit adoption. Both companies emphasize the importance of this partnership in creating stronger, more productive businesses in local communities while generating economic benefits for shareholders.

Summary not available.

Summary not available.