SolaREIT Expands Revolving Credit Facility to $60 Million with Atlantic Union Bank and EagleBank
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SolaREIT has expanded its revolving credit facility to $60 million with increased commitments from Atlantic Union Bank and EagleBank. This marks the third upsize in less than two years, indicating strong market confidence and benefiting solar and storage developers.
March 13, 2025 | 1:30 pm
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POSITIVE IMPACT
Atlantic Union Bank has increased its commitment to SolaREIT's credit facility, now totaling $60 million. This expansion indicates strong market confidence and could positively impact AUB's financial services reputation.
The expansion of the credit facility with SolaREIT suggests a positive relationship and confidence in the solar sector, potentially enhancing AUB's reputation and business opportunities in renewable energy financing.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
EagleBank has joined the syndication of SolaREIT's expanded $60 million credit facility. This involvement may enhance EagleBank's profile in renewable energy financing and reflect positively on its market position.
EagleBank's participation in the credit facility syndication with SolaREIT could improve its standing in the renewable energy sector, potentially leading to new business opportunities and a stronger market position.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70