Aypa Power, a Blackstone portfolio company and a key player in utility-scale energy storage and hybrid renewable energy, has announced the successful upsizing of its corporate credit facility, originally established in July 2024.
The total facility now stands at $1.05 billion, comprising a $300 million Term Loan, a $200 million Revolving Credit Facility, and a $550 million Letter of Credit Facility. This significant expansion bolsters Aypa’s financial position and will enable the company to accelerate the development of its multi-gigawatt project pipeline across major markets in North America.
“This $400 million upsizing to the existing $650 million facility closed in 2024 reinforces the confidence of the lender community in Aypa’s proven execution capabilities and strength to lead in a fast-changing market,” said Marc Atlas, Chief Financial Officer at Aypa Power. “With over 22 gigawatts in development, this facility gives us the flexibility to scale with discipline and deliver where the grid needs it most. We appreciate the strong support from both new and existing lenders.”
