Generate Capital Secures $1.2 Billion Corporate Credit Facilities to Drive Sustainable Infrastructure Growth

SAN FRANCISCO--(BUSINESS WIRE)--Generate Capital, PBC (“Generate”), a leading sustainable infrastructure investment firm, today announced a $1.2 billion revolving credit facility and term loan to support its mission to become the capital partner for the infrastructure transition. This transaction demonstrates strong support from financial markets for Generate’s leading model of building, owning, operating, and investing in the assets and companies delivering the increased demand for sustainable infrastructure solutions.

“We are grateful for the financing from our lending partners in committing to facilities that provide Generate with the financial resilience and resources needed to build the infrastructure for a more sustainable future,” said Ed Bossange, Head of Capital Formation at Generate. “These facilities are an important step in our journey to expand the impact of our work and deliver value to our stakeholders.”

The financing underscores Generate’s commitment to financial strength and operational excellence in a dynamic market, while ensuring long-term stability and capacity for growth. It comes on the heels of a $1.5 billion equity raise earlier this year, together exemplifying Generate’s strong access to capital. In addition, the credit facility includes a sustainability-linked pricing adjustment, reinforcing the mission to build and invest in sustainable infrastructure.

J.P. Morgan arranged the transaction, serving as Administrative Agent and Sustainability Structuring Agent. In addition to J.P. Morgan, thirteen other lenders participated in the credit facilities: BMO Capital Markets, Scotiabank, Truist Bank, City National Bank, Royal Bank of Canada, Bank of America, Mizuho, Morgan Stanley, Barclays, Citi, Goldman Sachs, Nomura, and Southern Bancorp.

Generate was represented by Sullivan & Cromwell LLP.

About Generate

Generate Capital is a leading sustainable investment and operating platform. Generate provides the capital and expertise that developers, businesses, cities and communities need to accelerate cost savings, resilience and decarbonization. Since 2014, Generate has invested in and operated sustainable assets across six sectors: power, mobility, waste, green digital, water and agriculture, and industrial decarbonization. With more than $10 billion raised since inception, 50+ technology and development partnerships and over 2,000 assets globally, Generate’s one-stop-shop offers proof, not promises that sustainability pays.

For more information, please visit www.generatecapital.com.