VoltaGrid gets $500 million term loan, $100 million revolver

By Sara Rosenberg

New York, March 4 – VoltaGrid LLC closed on a $500 million five-year senior secured term loan and a $100 million senior secured revolving credit facility, according to a news release.

BMO Capital Markets Corp. and Piper Sandler acted as joint lead arrangers and BMO acted as bookrunner on the term loan. BMO and National Bank Financial Markets acted as co-lead arrangers and bookrunners on the revolver.

The term loan has a $50 million accordion feature, and the revolver availability can be increased to up to $150 million under certain conditions.

“With the recently completed investments in VoltaGrid and our robust pipeline of growth projects, we see line of sight to more than doubling the company in size in the next twelve months through an expansion in datacenters, electric completions, microgrids, utility support, emergency relief and mining,” said Nathan Ough, president and chief executive officer, in the release.

VoltaGrid is a Houston-based advanced energy management and generation company.

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