Priority Power Management gets new five-year credit facilities

By Sara Rosenberg

New York, Nov. 16 – Priority Power Management LLC closed on new five-year credit facilities, according to a news release.

The facilities consist of a $150 million revolver, a $50 million term loan and a $50 million revolver accordion.

BMO Capital Markets, BofA Securities Inc. and First Horizon Bank acted as the joint lead arrangers on the deal. BMO is the administrative agent.

Proceeds were used to refinance existing debt.

Priority Power, an Oaktree Capital Management and Ara Partners portfolio company, is an Arlington, Tex.-based provider of energy solutions and streamlined transitions to carbon neutrality.

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