Natixis Corporate & Investment Banking (Natixis CIB) has successfully closed a $1.5 billion sustainability-linked revolving credit facility to support Invenergy Renewables Operating I LLC (IROI) and its parent company. This significant financing will further bolster IROI’s project development pipeline, while aligning with their clean energy strategy. Natixis CIB, along with prominent lenders, played a pivotal role in expanding the existing working capital facility of IROI.

Mandated lead arrangers for this financing deal included Natixis CIB, Cooperatieve Rabobank U.A. (Rabobank), Export Development Canada, and Desjardins Group. In collaboration with existing lenders and the addition of new lenders, IROI’s working capital facility was upsized from $600 million to $1.5 billion. This robust syndicate demonstrates the collective commitment of financial institutions to support the growth and sustainability of renewable energy projects.

Under the leadership of Natixis CIB, acting as sustainability coordinator, the financing deal was structured to incorporate sustainability-linked features. These features align with IROI’s strategic objective of delivering clean energy. The credit facility is connected to two key performance indicators: the reduction in greenhouse gas (GHG) emissions generated by IROI’s assets and a metric focused on health and safety.

Yash Anand, head of energy transition & natural resources, Americas at Natixis CIB, expressed great pride in collaborating with the exceptional team at Invenergy and the remarkable bank group involved in this landmark financing. The successful completion of this transaction further emphasizes Natixis CIB’s unwavering dedication to supporting best-in-class sustainable energy platforms.

Natixis CIB’s leadership in arranging the $1.5 billion sustainability-linked revolving credit facility for IROI highlights the commitment of financial institutions to renewable energy projects. With a focus on reducing GHG emissions and maintaining high health and safety standards, Invenergy’s partnership with Natixis CIB and the syndicate lenders reiterates the industry’s dedication to clean energy initiatives. This notable financing achievement serves as an important milestone in the ongoing advancement of sustainable energy development.

Disclaimer: The information provided in this research report is for informational purposes only and should not be interpreted as financial or investment advice. The energy market is highly volatile, and readers should conduct thorough research before making any investment decisions.