VoltaGrid closes $60 million revolver with expansion possibilities

Chicago, July 21 – VoltaGrid LLC closed on a $60 million senior secured revolving credit facility, according to a press release.

The facility may be expanded up to $150 million under certain conditions.

BMO Capital Markets and Export Development Canada worked on the facility. BMO is the administrative agent.

Proceeds will be used for capital expenditures, working capital and other general corporate purposes, with the intention to advance the company’s carbon reduction power generation and fuels platform, according to the press release.

The borrower is based in Houston and is an advanced energy management and generation company that provides power, alternative fuels and emissions reductions for the pressure pumping, remote mining, utility and distributed generation market.

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