Seamless transaction execution

Case Study #1


Challenge:

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 facilitate a larger portfolio financing and attract the attention of traditional project finance lenders.

Solution:

Travelers Capital arranged the financing with a unique cash flow credit enhancement structure under four separate deals to allow a single institutional lender to meet the requirements of the developer. The lender would not have been able to finance the projects on a standalone basis, as some were considered too small. A common owner with majority control and standardized material contracts across the portfolio enabled this financing to close in a streamlined manner at a competitive cost.

Case Study #2


Challenge:

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 for redeployment into other investments.

Solution:

Travelers Capital structured a custom holdco loan solution which allowed the client to borrow in multiple tranches over an extended period without having to pay commitment fees for financing that would be required at a later date.


Featured below are a few highlighted transactions arranged by Travelers Capital Corporation.


$68,620,000

Concord Green Energy

69 MW AC of solar farms in Canada | Holdco level financing


$62,000,000

Box Caynon Hydro Corporation

16 MW Hydro Project in British Columbia | Construction & Term Financing


$57,000,000

Juwi Wind and Firelight Infrastructure Partners

24 MW Wind Project Portfolio in Nova Scotia | Construction & Term Financing


$91,200,000

Scotiaweb Limited Partnership

40 MW Wind Project Portfolio in Nova Scotia | Construction & Term Financing


Undisclosed

Infrastructure
Coalition LP

8 MW Raging River Hydroelectric Power Facility | Acquisition Term Financing


$26,000,000

Riverbank ACD Hydro, LLC

7.5 MW Dorena Lake, Oregon & 4.7 MW Clark Canyon, Montana | Construction & Term Financing


$18,300,000

Ameresco Finance
Solar Inc.

8 MW of Rooftop Solar Projects | 3 Phases of Senior Term Financing