“TORONTO, Jan. 20, 2022 /PRNewswire/ – Amp Energy (“Amp”), a global Energy Transition Platform and renewable energy developer, announced today the closing of an innovative $350 million cross-jurisdictional credit facility with a consortium of leading institutional investors including Brookfield Asset Management, a leading sovereign wealth fund, and Nomura Securities. Brookfield Asset Management and the leading sovereign wealth fund served as the main investors in this transaction. ECP will join the consortium post closing.
The facility, with structural features that potentially allow an increase up to $700 million, will be used to support the construction of Amp’s robust and rapidly growing renewables and battery storage asset portfolio globally. The investment will focus initially on funding Amp’s construction-stage assets in the U.S., Australia, and Japan, with the intent to add incremental investment-grade geographic markets as Amp continues to scale.
Amp retained Nomura Securities International (“Nomura”) as the Sole Lead Arranger.
“Amp is very pleased to partner with such experienced and top-tier institutional investors at attractive terms to accelerate the build-out of our wholly-owned assets at scale,” said Dave Rogers, Founder, CEO & President of Amp. “This landmark financing broadens our reach, optimizes our cost of capital, and enables us to accelerate the decarbonization of flexible power generation infrastructure across our core markets.””
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Amp Energy. Cision News Wire 20 January 2022.