Doral Renewables Secures Additional $100 Million Letter of Credit Facility
Doral Renewables LLC has secured a $100 million corporate Letter of Credit facility through HSBC, who acted as Sole Arranger and Issuing Bank. This new facility adds to Doral's existing $185 million of corporate Letter of Credit capacity, bringing the total to $285 million. The Letters of Credit will primarily support new interconnection and power purchase agreement obligations for the company's renewable energy project development.
The transaction strengthens the partnership between Doral and HSBC, with both companies expressing confidence in Doral's execution capabilities in delivering large-scale renewable energy projects in the U.S. market.
Doral Renewables LLC ha ottenuto una linea di credito documentaria aziendale da 100 milioni di dollari tramite HSBC, che ha agito come unico arrangiatore e banca emittente. Questa nuova linea si aggiunge alla capacità esistente di 185 milioni di dollari di lettere di credito aziendali di Doral, portando il totale a 285 milioni di dollari. Le lettere di credito supporteranno principalmente i nuovi obblighi di interconnessione e gli accordi di acquisto di energia per lo sviluppo dei progetti di energia rinnovabile dell'azienda.
L'operazione rafforza la partnership tra Doral e HSBC, con entrambe le aziende che esprimono fiducia nelle capacità di Doral di realizzare progetti di energia rinnovabile su larga scala nel mercato statunitense.
Doral Renewables LLC ha asegurado una línea de crédito corporativa documentaria de 100 millones de dólares a través de HSBC, que actuó como único organizador y banco emisor. Esta nueva línea se suma a la capacidad existente de 185 millones de dólares en cartas de crédito corporativas de Doral, llevando el total a 285 millones de dólares. Las cartas de crédito respaldarán principalmente las nuevas obligaciones de interconexión y los acuerdos de compra de energía para el desarrollo de proyectos de energía renovable de la compañía.
La transacción fortalece la asociación entre Doral y HSBC, con ambas empresas expresando confianza en las capacidades de ejecución de Doral para llevar a cabo proyectos de energía renovable a gran escala en el mercado estadounidense.
Doral Renewables LLC가 HSBC를 통해 1억 달러 규모의 기업 신용장 시설을 확보했으며, HSBC는 단독 주선사이자 발행 은행으로 활동했습니다. 이 새로운 시설은 Doral의 기존 1억 8,500만 달러 기업 신용장 용량에 추가되어 총 2억 8,500만 달러가 되었습니다. 신용장은 주로 회사의 신재생 에너지 프로젝트 개발을 위한 신규 연결 및 전력 구매 계약 의무를 지원합니다.
이번 거래는 Doral과 HSBC 간의 파트너십을 강화하며, 양사는 미국 시장에서 대규모 신재생 에너지 프로젝트를 성공적으로 수행할 수 있는 Doral의 실행 능력에 대한 신뢰를 표명했습니다.
Doral Renewables LLC a obtenu une facilité de lettre de crédit d'entreprise de 100 millions de dollars via HSBC, qui a agi en tant qu'arrangeur unique et banque émettrice. Cette nouvelle facilité s'ajoute à la capacité existante de lettres de crédit d'entreprise de 185 millions de dollars de Doral, portant le total à 285 millions de dollars. Ces lettres de crédit soutiendront principalement les nouvelles obligations de raccordement et les accords d'achat d'électricité pour le développement des projets d'énergie renouvelable de la société.
Cette opération renforce le partenariat entre Doral et HSBC, les deux entreprises exprimant leur confiance dans la capacité d'exécution de Doral pour mener à bien des projets d'énergie renouvelable à grande échelle sur le marché américain.
Doral Renewables LLC hat eine Unternehmens-Akkreditivfazilität in Höhe von 100 Millionen US-Dollar über HSBC gesichert, die als alleiniger Arrangeur und ausstellende Bank fungierte. Diese neue Fazilität ergänzt die bestehende 185 Millionen US-Dollar umfassende Unternehmens-Akkreditivkapazität von Doral und erhöht das Gesamtvolumen auf 285 Millionen US-Dollar. Die Akkreditive werden hauptsächlich neue Verpflichtungen für Netzanschlüsse und Stromabnahmeverträge zur Unterstützung der Entwicklung von Erneuerbare-Energien-Projekten des Unternehmens absichern.
Die Transaktion stärkt die Partnerschaft zwischen Doral und HSBC, wobei beide Unternehmen ihr Vertrauen in Dorals Fähigkeit ausdrücken, groß angelegte Erneuerbare-Energien-Projekte auf dem US-Markt erfolgreich umzusetzen.
- Secured additional $100 million Letter of Credit facility, increasing total capacity to $285 million
- Enhanced financial flexibility for project development and power purchase agreements
- Strengthened relationship with major financial institution (HSBC)
- Demonstrates continued access to credit markets and financial support
- None.
"We are pleased to deepen our relationship with Doral through this financing, and support Doral's dedication to delivering large-scale renewable energy projects in the
"Doral is proud to have extended our relationship with HSBC by raising this new corporate Letter of Credit capacity which will enable us to continue efficient development of our project portfolio," said Evan Speece, Chief Financial Officer at Doral Renewables LLC. "In today's renewable energy development climate, this type of credit support capacity is paramount to success and we appreciate HSBC's support in bolstering our strength in this area."
About Doral Renewables LLC
Doral Renewables is a
About HSBC
HSBC
HSBC Holdings plc, the parent company of HSBC, is headquartered in
Contacts
Media Inquiries: Ran Rabi, ranrabi@doral-llc.com
Financing Inquiries: Evan Speece, espeece@doral-llc.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/doral-renewables-secures-additional-100-million-letter-of-credit-facility-302444285.html
SOURCE Doral Renewables LLC
FAQ
What is the size of Doral Renewables' new Letter of Credit facility?
What is the total Letter of Credit capacity for Doral Renewables after this new facility?
How will Doral Renewables use the new Letter of Credit facility?
Who is the arranger and issuing bank for Doral Renewables' new credit facility?
