The Firm represented Bank of Montreal, as administrative agent, in connection with VoltaGrid LLC’s (“VoltaGrid”) senior secured revolving credit facility. The Facility provides the Company immediate access to $60 million, and up to $150 million under certain conditions. The facility is expected to be used primarily for capital expenditures, working capital, and other general corporate purposes.
VoltaGrid is an advanced energy management and generation company that has developed an innovative platform to provide power, alternative fuels and emissions reductions for the pressure pumping, remote mining, utility, and distributed generation market. The company’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 and Benjamin Jorgens (Banking and Credit); Jonathan Pall (Collateral); Michael Mann and Andrew Mandelbaum (Tax); Jessica Cohen and Courtney Welshimer (IP); and Ryan Stott and Hannah Daniels (ECEB).