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Great Bay Renewables, LLC in Entry into Senior Secured Credit Financing Agreements

Deals & Cases
October 31, 2023
Deals & Cases
October 31, 2023

Vinson & Elkins advised Great Bay Renewables, LLC (“Great Bay”), a joint venture company between certain funds managed by affiliates of Apollo and Altius Renewable Royalties Corporation, in connection with Great Bay’s entry into senior secured credit financing agreements in the aggregate amount of $247 million.

The financing includes a $123.5 million initial term facility, a $100 million delayed draw term facility, and a $23 million letter of credit facility, with the two term facilities qualifying for green loan eligibility.

The Vinson & Elkins team was led by Tzvi Werzberger, Maya Bobbitt, Jennifer Bassett and Michelle Kraidman.

About Vinson & Elkins
For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Built on a strong culture of collaboration across 13 offices worldwide, V&E lawyers are committed to excellence, offering clients decades of legal experience in handling transactions, investments, projects and disputes across the globe. Learn more by visiting www.velaw.com or connect with us on LinkedIn.

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