Back to articles
Renewables
Press Release
Trailstone Group is pleased to announce the signing of a €175,000,000 multicurrency secured uncommitted revolving credit facility to finance the expansion of its market-leading renewable asset management business. The facility, which launched at €150,000,000 to refinance Trailstone’s existing credit facility, was significantly oversubscribed, indicating strong support from its global bank group.
The facility was arranged by ING Bank N.V., who acted as sole arranger, security agent, facility agent and fronting bank. The structure of the facility follows the Green Loan Principles and is supported by a consortium of banks including Credit Suisse (Switzerland) Ltd., MUFG Bank (Europe) N.V., Rabobank, Société Générale, and Tokio Marine HCC.
“We are delighted to receive increased levels of interest and support from both our existing lenders and new participants,” said John Redpath, CEO of Trailstone. “We look forward to working with the syndicate to support our continuing efforts to lead the global transition to sustainable energy.”
Trailstone currently provides risk management and asset optimization services for more than 6,000 MW of renewable energy assets in Europe and North America. The facility will fund efforts to increase the amount of renewable energy under management in Europe and the continuous innovation of its AI-driven asset optimization platform, which utilizes robust meteorological and market data to intelligently predict renewable supply and market demand to increase revenues for renewable asset owners and managers.
Media Inquiries:
Regan Keller
Media Relations Contact