HomeLoansConnor, Clark & Lunn Infrastructure and CarbonFree Technology Close USD$360 Million Debt...

Connor, Clark & Lunn Infrastructure and CarbonFree Technology Close USD$360 Million Debt Financing for Chilean Solar Portfolio

TORONTO, Aug. 11, 2022 /CNW/ – Connor, Clark & Lunn Infrastructure (CC&L Infrastructure) and CarbonFree Technology are pleased to announce the closing of approximately USD$360 million in debt financing facilities for their portfolio of utility-scale solar projects located in Chile. The financings are comprised of a $19mm letter of credit facility, a $71mm bridge-loan facility which will be used to fund ongoing construction costs, and a ~$270mm private placement facility whose proceeds will be used primarily to refinance existing bank debt and repay the bridge-loan facility once projects complete construction. The private placement issuance has been rated BBB+ by S&P and was well oversubscribed by a syndicate of large North American financial institutions.

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