GLAS supports $50m financing for Redball Energy

GLAS recently partnered with Redball Energy, a US-based developer, owner and operator of distributed solar projects on their USD $50m financing which closed earlier this month.

The GLAS Americas team acted as Administrative Agent and Collateral Agent on the transaction, which will support the partial refinancing of existing debt while providing additional capital for the construction of new solar projects across the United States.

The transaction will enable Redball Energy to continue expanding its distributed solar portfolio.

This transaction marks another successful example of the GLAS team in the US delivering best-in-class administrative and collateral agency services across the growing private credit and infrastructure finance markets.

About Redball Energy

Redball Energy develops, finances, owns and operates residential and commercial solar projects across the United States. The company owns and operates approximately 41 MW of distributed solar assets across the Mid-Atlantic and New England regions and supports the deployment of renewable energy infrastructure through the development and operation of solar projects serving customers throughout the eastern United States.

About GLAS

Founded in 2011, GLAS is a leading independent global provider of debt administration services. As a non-lender and conflict-free firm, GLAS supports both private and public credit markets, distinguishing itself through its expertise, reliability and independence.

With over $850 billion of assets under administration, GLAS is headquartered in London and has an established international presence, with offices in the United States, France, Germany, Spain, Italy, the United Arab Emirates, Singapore, Hong Kong and Australia.

For further information, please contact: media@glas.agency.