Brief: Altus Power Announces Acquisition Of 84Mw Portfolio From Vitol

Altus Power

31/01/2024 22:55

Jan 31 (Reuters) - Altus Power Inc  AMPS.N :
    * ALTUS POWER ANNOUNCES ACQUISITION OF 84MW PORTFOLIO FROM
VITOL,
ADDING THOUSANDS OF CUSTOMERS IN NEW YORK, NEW JERSEY, AND MAINE
    * ALTUS POWER INC - PROPOSED DEAL FOR FOR TOTAL PROCEEDS OF
APPROXIMATELY $118 MILLION
    * ALTUS POWER - ACQUISITION WAS CLOSED USING CASH ON HAND
    * ALTUS POWER INC - EXPECTS TO EXPAND ITS FUNDING FACILITY
WITH
BLACKSTONE IN NEAR TERM TO SECURE LONG-TERM FINANCING.

Source text for Eikon:  ID:nBw8fkfTSa 
Further company coverage:  AMPS.N 

 ((Reuters.Briefs@thomsonreuters.com;))