Media Coverage
September 13, 2024
Infralogic: Dimension inks USD 150m credit facility with Deutsche Bank
Partners Group-backed Dimension Energy has secured a USD 150m revolving credit facility with Deutsche Bank to advance its pipeline of community solar projects, executives for the developer confirmed to Infralogic.
The three-year rotating credit facility will comprise cash and letters of credit to advance Dimension’s near-term pipeline toward the construction phase, Ryan Lidell, Dimension’s chief financial officer told Infralogic.
“The borrowing base of this facility is essentially secured by Dimension’s current pipeline of in-construction and operating assets. We’ll also be using the proceeds and availability of the facility to fund our pre-construction and development activities for other projects in our near-term pipeline,” Liddell said.
