The Firm recently represented Bank of Montreal (“Bank of Montreal”) and BMO Capital Markets Corp. (“BMOCM”) in connection with a comprehensive financing solution for VoltaGrid LLC (“VoltaGrid”) in which VoltaGrid raised an aggregate principal amount of $650 million, which consisted of (1) a $150 million superpriority revolving credit facility and (2) a $500 million senior secured term loan facility.
VoltaGrid is an advanced energy management and generation company headquartered in Houston. VoltaGrid provides an innovative platform to supply power and alternative fuels across the United States for pressure pumping, remote mining, data centers, utility / grid reinforcement, emergency response, and distributed generation applications. VoltaGrid’s fully integrated artificial intelligence platform provides live emissions tracking, asset carbon intensity, automated back-office management and ESG reporting on a centralized database.
The Simpson Thacher team included Erland Modesto, Brandon Barton, Nicholas Baker, John Cupit and Jack Davis (Banking and Credit) and Courtney Welshimer (IP).