Business
BlueWave Announces Closing of $247 Million Credit Facilities to Support Growing Operations
BlueWave, a leading solar and storage developer, owner, and operator in the Northeast U.S., today announced two new major financing milestones. With support from parent Axium Infrastructure, the company has secured both a $125 million revolving construction to term loan facility and a $122 million corporate revolving credit facility. As private companies take the reins on moving forward energy independence and resilience needs across the country, this funding will support the development and con
About this update from National Bank Of Canada
[{"type":"text","content":"New funding made possible by KeyBank, National Bank of Canada and Canadian Imperial Bank of Commerce, the New York branch, will support BlueWave's rapidly expanding business operations","length":188,"tagName":"p","attribs":{}},{"type":"text","content":"BOSTON, July 30, 2025 /PRNewswire/ -- BlueWave, a leading solar and storage developer, owner, and operator in the Northeast U.S., today announced two new major financing milestones. With support from parent Axium Infrastructure, the company has secured both a $125 million revolving construction to term loan facility and a $122 million corporate revolving credit facility. As private companies take the reins on moving forward energy independence and resilience needs across the country, this funding will support the development and construction of distributed-generation community solar and storage projects that move the needle.","length":632,"tagName":"p"},{"type":"image","alt":"BlueWave (PRNewsfoto/BlueWave Solar)","displaySize":"","headline":null,"caption":"BlueWave (PRNewsfoto/BlueWave Solar)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":200,"url":"https://media.zenfs.com/en/prnewswire.com/8cf6e9b704f48319b37dc7f38e1d4adc"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/7HijIwYSC99OFN74I3c.Nw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM1MztjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/8cf6e9b704f48319b37dc7f38e1d4adc","width":400,"height":200}},"href":"https://mma.prnewswire.com/media/1816405/BlueWave_Solar_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The $125 million revolving construction to term loan facility led by KeyBank and National Bank of Canada will provide construction debt, including tax equity bridge loans, and initial term debt via a revolving facility that will enable BlueWave to flexibly deploy its pipeline as projects enter construction.","length":308,"tagName":"p"},{"type":"text","content":"In addition to the revolving construction to term loan facility, a corporate revolving credit facility for $122 million financed by KeyBank and Canadian Imperial Bank of Commerce, the New York branch, was also arranged to support the continued growth of BlueWave's project development pipeline and provide additional flexibility in the company's operations.","length":365,"tagName":"p"},{"type":"...