Foley & Lardner LLP represented Deutsche Bank AG, New York Branch, a leading global investment bank and financial services company, in connection with a $200 million debt facility provided to Catalyze, a national Independent Power Producer (IPP) and fully integrated developer of distributed renewable energy assets. Deutsche Bank Trust Company Americas served as agent.
The facility includes revolving and term loan tranches, as well as a letter of credit facility, and will support Catalyze’s origination, acquisition, development, construction, and operation of a large portfolio of distributed renewable energy projects. These include community solar projects, New York Value of Distributed Energy Resources (VDER) projects, and other similar initiatives in key markets across the United States.
Founded in 2017, Catalyze is focused on accelerating the clean energy transition by deploying solar and storage solutions across the commercial and industrial (C&I), community solar, and public sector verticals.
The Foley team was led by partners Darin Lowder and Kyle Hayes, and included senior counsel Sunita Paknikar, and associates Rocio Portela-Berrios, Rikaela Greane, Matthew Gullickson, Calkidan Fisseha, and Sophia Pfander.
