Nautilus Solar Energy Closes $202 Million Institutional Debt Private Placement
The financing is to secure an investment-grade rating for a 186 MW portfolio comprised mainly of community solar assets
September 25, 2023
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Nautilus Solar Energy, a community solar project developer, completed the issuance of $202 million in senior secured notes to institutional investors in a private placement transaction. The financing is to secure an investment-grade rating for a 186 MW portfolio comprised mainly of community solar assets and diversified across 58 projects operating in 7 states.
