Energy Storage Company Fluence Secures $400 Million Debt Financing
The funding is secured by the company’s eligible inventory and other assets
November 28, 2023
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Fluence, a provider of energy storage products and services, announced that it has entered into a four-year $400 million Asset Backed Lending (ABL) credit facility maturing in November 2027. The funding is secured by the company’s eligible inventory and other assets and replaces the company’s existing $200 million Revolving Credit Facility (RCF), which was terminated.
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Sohini Aich
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