SolaREIT Expands Revolving Credit Facility to $80 Million with Atlantic Union Bank and EagleBank

Rhea-AI Summary

SolaREIT announced a $80 million revolving credit facility expansion on Jan. 12, 2026 via increased commitments from Atlantic Union Bank (NYSE:AUB) and syndication partner EagleBank (NASDAQ:EGBN).

This is the fourth upsize in three years, with Atlantic Union Bank acting as sole book runner and administrative agent. The facility is intended to provide additional capital for solar and battery storage land financing as developers accelerate project timelines.

Positive

• Revolving credit facility increased to $80 million
• Fourth facility upsize in three years
• Provides additional capital for solar and battery storage developers
• SolaREIT has financed land under $5 billion in projects

Negative

• None.

News Market Reaction

-1.84%

1 alert

-1.84% News Effect

On the day this news was published, AUB declined 1.84%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Revolving credit facility: $80 million Projects financed: $5 billion Q3 2025 net income: $89.2 million +5 more

8 metrics

Revolving credit facility $80 million Expanded facility for SolaREIT with Atlantic Union Bank and EagleBank

Projects financed $5 billion Real estate financing for land under projects since SolaREIT’s founding

Q3 2025 net income $89.2 million Net income available to common shareholders, Q3 2025

Q3 2025 EPS $0.63 Basic and diluted EPS, Q3 2025

Q3 2025 adjusted EPS $0.84 Adjusted diluted operating EPS, Q3 2025

Net interest income $319.2 million Net interest income, Q3 2025

Total assets $37.1 billion Total assets reflecting Sandy Spring acquisition, Q3 2025

Quarterly dividend $0.37 per share Common stock dividend declared Oct 30, 2025

Market Reality Check

Price: $40.98 Vol: Volume 844,516 is at 0.72...

normal vol

$40.98 Last Close

Volume Volume 844,516 is at 0.72x the 20-day average, indicating subdued trading. normal

Technical Price $37.44 is trading above the 200-day MA of $32.55 and 4.71% below the 52-week high.

Peers on Argus

AUB slipped 0.11% while peers showed mixed, mostly modest moves (e.g., ABCB +0.0...

AUB slipped 0.11% while peers showed mixed, mostly modest moves (e.g., ABCB +0.03%, FFIN -1.41%, HWC +0.16%). No consistent sector-wide direction, suggesting this reaction is stock-specific rather than a broad regional bank move.

Historical Context

5 past events · Latest: Dec 30 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 30	Earnings date notice	Neutral	-1.7%	Set timing for Q4 and full-year 2025 financial results release and call.
Nov 19	Investor Day announcement	Positive	+2.6%	Announced Investor Day to present strategic priorities and future plans.
Oct 30	Dividend increase	Positive	+0.1%	Raised quarterly common dividend to $0.37 per share, boosting yield.
Oct 23	Quarterly earnings	Neutral	-3.2%	Reported Q3 2025 results including $89.2M net income and $0.63 EPS.
Oct 14	Integration update	Positive	+4.2%	Completed integration of Sandy Spring Bank into a unified platform.

Pattern Detected

Recent news often saw modest, directionally mixed reactions; positive strategic items (investor day, integration, dividend increase) tended to align with mildly positive price moves, while earnings and date announcements saw small pullbacks.

Recent Company History

Over the past few months, Atlantic Union Bankshares has focused on communication, integration, and capital returns. On Oct 14, 2025, it completed the Sandy Spring Bank integration, followed by Q3 2025 results on Oct 23, 2025 with net income of $89.2M and EPS of $0.63. A dividend was increased to $0.37 per share on Oct 30, 2025, and an Investor Day was announced on Nov 19, 2025. The latest earnings date notice on Dec 30, 2025 drew a small decline. Today’s positive financing role for SolaREIT continues the theme of supporting growth-oriented clients.

Market Pulse Summary

This announcement underscores Atlantic Union Bank’s role in financing clean energy infrastructure by...

Analysis

This announcement underscores Atlantic Union Bank’s role in financing clean energy infrastructure by helping expand SolaREIT’s revolving credit facility to $80 million. It reinforces the bank’s presence in structured lending and syndication alongside EagleBank. In context of recent milestones—Sandy Spring integration, Q3 2025 results, and a higher dividend—investors may monitor how growth in specialized client segments like solar and storage affects asset quality, earnings mix, and future capital allocation decisions.

Key Terms

revolving credit facility, syndication, book runner, administrative agent, +1 more

5 terms

revolving credit facility financial

"announced today the expansion of its revolving credit facility to $80 million"

A revolving credit facility is a type of loan that a business can borrow from whenever it needs money, up to a set limit. It’s like having a credit card for companies—allowing them to borrow, pay back, and borrow again as needed, providing flexibility for managing cash flow or funding short-term expenses.

syndication financial

"Atlantic Union Bank serves as sole book runner and administrative agent for the facility, leading the structuring and syndication efforts."

Syndication is a way for several financial firms to share a large loan, bond sale, or securities offering so no single institution bears all the risk or work. For investors, syndication matters because it affects how easily a deal gets funded, how quickly it can be sold or traded, and the fees and pricing you ultimately see—think of several people pooling money to buy a big item that would be risky or impossible for one person alone.

book runner financial

"Atlantic Union Bank serves as sole book runner and administrative agent for the facility"

The book runner is the lead investment bank or financial firm that organizes and manages a new securities offering, lining up other underwriters, collecting investor orders, setting allocation and pricing, and keeping a record (the “book”) of demand. For investors, the book runner’s reputation and decisions affect how widely an issue is distributed, how fairly shares are priced and allocated, and therefore the short- and long-term trading liquidity and perceived market confidence in the new securities.

administrative agent financial

"Atlantic Union Bank serves as sole book runner and administrative agent for the facility"

An administrative agent is a bank or financial firm appointed to handle the day-to-day paperwork and communication for a group of lenders on a loan or credit agreement, acting as the central point for collecting payments, distributing funds, monitoring covenants, and sharing information. For investors, the administrative agent matters because it influences how quickly lenders receive updates, how smoothly repayments and waivers are handled, and how effectively the lending group enforces terms — think of it as a property manager coordinating tasks for multiple owners.

battery energy storage technical

"the leading solar and battery storage real estate investment company"

A system that stores electrical energy in rechargeable batteries so power can be used later, like a large-scale rechargeable power bank for homes, businesses, or the electricity grid. It matters to investors because it helps smooth out supply and demand, lets operators sell power when prices are higher, backs up critical services during outages, and supports more renewable generation — all of which can create new revenue streams and reduce operational risk.

AI-generated analysis. Not financial advice.

Fourth Upsize in Three Years Demonstrates Strong Market Confidence 

Competitive Cost of Land Capital Benefits Storage and Solar Developers Across the Country 

VIENNA, Va., Jan. 12, 2026 /PRNewswire/ -- SolaREIT™, the leading solar and battery storage real estate investment company, announced today the expansion of its revolving credit facility to $80 million through an increased commitment from Atlantic Union Bank (NYSE: AUB) and their syndication partner, EagleBank (NASDAQ: EGBN). Atlantic Union Bank serves as sole book runner and administrative agent for the facility, leading the structuring and syndication efforts. 

This marks the fourth upsize of the facility in three years, reflecting confidence in SolaREIT's business model and the increasing demand for storage and solar land financing solutions. The facility provides SolaREIT with additional capital to meet demand from solar and battery energy storage developers. The company's innovative financing solutions help developers and landowners maximize the value of their real estate assets while advancing clean energy deployment. 

"We're thrilled to continue our partnerships with Atlantic Union Bank and EagleBank to provide financing solutions to energy storage and solar developers. This expanded facility demonstrates the financial community's confidence in our business model and team," said Laura Pagliarulo, CEO and Co-founder of SolaREIT. "This year is a critical year for developers, and the need for reliable, flexible financing solutions is acute. This increased capital allows us to continue scaling our support for solar and storage projects across the country as developers look to complete projects on an accelerated timeline." 

"This fourth expansion of SolaREIT's credit facility demonstrates both their excellent execution and the robust demand for solar and storage land financing," said John Lester, SVP and commercial relationship manager at Atlantic Union Bank. "We're proud to continue growing our partnership with a company that's helping accelerate clean energy deployment through innovative real estate solutions." 

"EagleBank is pleased to support SolaREIT as they continue to scale their renewable energy real estate platform," said Toby Haggerty, SVP and C&I Relationship Manager at EagleBank. "Their approach and established presence in the sector make them a strong partner, and we look forward to continuing to work together."

Energy storage and solar development require significant real estate investment. SolaREIT partners with developers and landowners to provide capital solutions that optimize land value and support project development. The company's practical, streamlined financing options deliver maximum flexibility based on clients' individual needs, financial goals, and vision for their land. SolaREIT has provided real estate financing for the land under $5 billion in projects since its founding.

About SolaREIT™
SolaREIT™, based in Virginia, is an innovative renewable energy real estate company focused on delivering financing solutions for solar and battery energy storage developers. SolaREIT, a minority and women-owned business, was founded in 2020 as a Real Estate Investment Trust (REIT) by clean energy industry veterans with a proven track record in finance, project development, real estate, and community solar. The team is passionate about renewable energy and believes that solar and battery energy storage land financing plays a critical role in expanding the clean energy economy. 

About Atlantic Union Bank
Headquartered in Richmond, Virginia, Atlantic Union Bankshares Corporation (NYSE: AUB) is the holding company for Atlantic Union Bank. Atlantic Union Bank has branches and ATMs located throughout Maryland, Virginia and parts of North Carolina. Certain non-bank financial services affiliates of Atlantic Union Bank include: Atlantic Union Equipment Finance, Inc., which provides equipment financing; Atlantic Union Financial Consultants, LLC, which provides brokerage services; and Union Insurance Group, LLC, which offers various lines of insurance products.

About Eagle Bancorp, Inc. and EagleBank
Eagle Bancorp, Inc. is the holding company for EagleBank, which commenced operations in 1998. EagleBank is headquartered in Bethesda, Maryland, and conducts full service commercial banking through 12 offices, located in Suburban, Maryland, Washington, D.C. and Northern Virginia. EagleBank focuses on building relationships with businesses, professionals and individuals in its marketplace. 

View original content to download multimedia:https://www.prnewswire.com/news-releases/solareit-expands-revolving-credit-facility-to-80-million-with-atlantic-union-bank-and-eaglebank-302658586.html

SOURCE SolaREIT

FAQ

What did SolaREIT announce on Jan. 12, 2026 regarding financing?

SolaREIT expanded its revolving credit facility to $80 million with increased commitments from Atlantic Union Bank (NYSE:AUB) and EagleBank (NASDAQ:EGBN).

Who is the administrative agent for SolaREIT's $80 million facility?

Atlantic Union Bank (NYSE:AUB) is the sole book runner and administrative agent for the facility.

How does the $80 million facility affect SolaREIT's support for developers?

The expanded facility provides additional capital and flexible land financing to help solar and battery storage developers accelerate project completion.

How many times has SolaREIT upsized its credit facility in the past three years?

This is the fourth upsize of the credit facility in three years.

What scale of projects has SolaREIT financed to date?

SolaREIT has provided real estate financing for the land under $5 billion in projects since founding.