Simpson Thacher Represents Mizuho, as Administrative Agent, in Avangrid’s Revolving Credit Facility
01.07.22
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Simpson Thacher represented the lenders and Mizuho Bank, Ltd., as administrative agent, in connection with Avangrid, Inc.’s $4 billion “sustainability linked” revolving credit facility.
Avangrid is a leading sustainable energy company with approximately $39 billion in assets and operations in 24 U.S. states. Avangrid has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Avangrid Renewables owns and operates a portfolio of renewable energy generation facilities across the United States.
The Simpson Thacher team for this transaction included Mike Vernace (Banking & Credit).