Providing mid-market structured finance solutions and advisory services.
Wind developer required non-recourse construction and term financing for a portfolio of small wind projects located in Atlantic Canada. Each portfolio had a different legal structure and the borrower was unable to provide cross collateralization to enable a larger portfolio financing to attract the attention of larger project finance lenders.
Travelers Capital arranged the financing with a unique cash flow credit enhancement structure under four separate financings to allow a single institutional lender to provide the financing to meet the requirements of the developer. The lender would not have been able to finance the projects on a standalone basis as some of the projects were considered too small. A common owner with majority control and standardized construction and turbine supply contracts across the portfolio of projects enabled this financing to close in a streamlined and timely manner at a competitive cost.
A client acquired a portfolio of operating solar projects over an extended period of time and was looking for a flexible financing solution to allow them to refinance their equity which was to be redeployed into other investments.
Travelers Capital structured and arranged a flexible holdco loan financing solution which allowed the company to borrow in multiple tranches over an extended period of time without having to pay commitment fees for financing that would be required at a later date.
69 MW AC of solar farms in Canada | Holdco level financing
16 MW Hydro Project in British Columbia | Construction & Term Financing
24 MW Wind Project Portfolio in Nova Scotia | Construction & Term Financing
40 MW Wind Project Portfolio in Nova Scotia | Construction & Term Financing
8 MW Raging River Hydroelectric Power Facility | Acquisition Term Financing
7.5 MW Dorena Lake, Oregon & 4.7 MW Clark Canyon, Montana | Construction & Term Financing
8 MW of Rooftop Solar Projects | 3 Phases of Senior Term Financing