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rPlus Energies Secures a Revolving Credit Facility of up to $450 Million to Support Continued Growth

globenewswire.com
KEY KeyBank is mentioned as one of the financial institutions that participated in a revolving credit facility for rPlus Energies, indicating involvement in the renewable energy sector financing. WFC Wells Fargo is mentioned as one of the financial institutions that participated in a revolving credit facility for rPlus Energies, indicating involvement in the renewable energy sector financing.

rPlus Energies Secures a Revolving Credit Facility of up to $450 Million to Support Continued Growth SALT LAKE CITY, Nov. 03, 2026 (GLOBE NEWSWIRE) -- rPlus Energies today announced the closing of a revolving credit facility of up to $450 million to support the continued development and construction of its near-term pipeline of solar and energy storage projects across the American West. The facility provides both funded borrowing capacity and letters of credit.

The facility is supported by cash flows from nearly 1 GW of operating assets, including the Green River Energy Center and Pleasant Valley Solar 2, which reached commercial operation and completed term financing earlier this year.

Canadian Imperial Bank of Commerce, New York Branch (“CIBC”) served as Lead Left Arranger and Administrative Agent for the three-year facility, which was syndicated to a group of leading financial institutions, including National Bank of Canada, Truist Bank, KeyBank, Wells Fargo, MUFG and Zions Capital Markets.

"Securing this facility is a meaningful step for rPlus as we continue to scale the business," said Natalie Jackson, Chief Financial Officer of rPlus Energies. "It reflects the progress our team has made and the confidence our lenders have in our long-term vision. With this capital in place, we're well positioned to support future growth and deliver on the opportunities ahead."

"CIBC is pleased to support rPlus Energies in establishing this revolving credit facility," said Ines Serrao, Managing Director and Head of U.S. Project Finance & Infrastructure at CIBC. "The closing of this facility with rPlus Energies reinforces our shared commitment to advancing the development of reliable and sustainable infrastructure across the U.S. renewable energy sector."

Kirkland & Ellis served as legal counsel to rPlus Energies. Milbank served as legal counsel to the lenders.

About rPlus Energies

rPlus Energies is a team of committed energy industry professionals working together to develop, own and operate large-scale renewable energy generation and electric storage projects in the United States. The company specializes in bringing projects to market through partnership with the private sector, municipalities, utilities, and industry-leading technology, service and finance providers. Its portfolio consists of a strategic mix of solar, battery, wind, and pumped storage hydro facilities. To date, rPlus Energies has raised over $1 million to support local scholarships in the project communities. rPlus Energies is headquartered in Salt Lake City, Utah and is backed by Sandbrook Capital and Gardner Group.

Media Contact

Maile Resta

rPlus Energies

mresta@rplusenergies.com

(707) 776-7773