Ecoplexus Announces Closing of $300 million Credit Facility from KKR to Accelerate Solar and Storage Development

Rhea-AI Summary

Ecoplexus announced closing a $300 million credit facility from capital accounts advised by KKR with a letter of credit facility provided by Sumitomo Mitsui Banking Corporation (SMBC). The facility will fund development across the United States and support advancement of over 13 GW of solar and storage projects and enable more than $2.5 billion of project finance, including construction-ready investments and long-term ownership of strategic assets.

The company and KKR said the capital provides scale and certainty to move several gigawatts to start of construction in the near term and to expand Ecoplexus' utility-scale solar and storage portfolio.

Positive

• $300M credit facility secured
• Financing supports 13+ GW of solar and storage development
• Facility enables over $2.5B of project finance
• Includes SMBC letter of credit facility

Negative

• No stated timeline or milestones for construction starts
• Potential future dilution or funding terms not disclosed

News Market Reaction

+0.40%

1 alert

+0.40% News Effect

On the day this news was published, KKR gained 0.40%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Credit facility size: $300 million Project capacity: over 13 GW Project finance supported: over $2.5 billion

3 metrics

Credit facility size $300 million Credit facility from capital accounts advised by KKR

Project capacity over 13 GW Solar and storage projects supported across the United States

Project finance supported over $2.5 billion Project finance for construction-ready projects and strategic asset ownership

Market Reality Check

Price: $114.98 Vol: Volume 6,730,895 is 1.51x...

high vol

$114.98 Last Close

Volume Volume 6,730,895 is 1.51x the 20-day average of 4,458,714 shares. high

Technical Price 142.77 is trading above the 200-day MA at 126.54 and 16.21% below the 52-week high.

Peers on Argus

KKR gained 4.24% while key peers were mixed: BLK up 1.57%, APO up 0.84%, BN and ...

KKR gained 4.24% while key peers were mixed: BLK up 1.57%, APO up 0.84%, BN and BAM down, ARES down 0.63% despite its own positive credit-facility headlines.

Common Catalyst Selective credit and financing deals in asset management, but no broad sector-wide move.

Historical Context

5 past events · Latest: Dec 09 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 09	Growth financing	Positive	+4.3%	KKR-led $700M growth equity round in Saviynt at ~$3B valuation.
Dec 08	Acquisition financing	Positive	+0.6%	€300m whole loan financing supporting easyHotel platform acquisition.
Dec 03	Leadership promotions	Positive	+3.1%	Promotion of 8 Partners and 39 Managing Directors across businesses.
Dec 03	Strategic partnership	Positive	+3.1%	Expanded Capital Group partnership on retirement and public‑private strategies.
Dec 01	Credit facility deal	Positive	+0.4%	$300M credit facility for Ecoplexus to advance solar and storage portfolio.

Pattern Detected

Recent KKR headlines around financings, partnerships and strategic investments have generally coincided with positive single-day price reactions.

Recent Company History

Over late 2025, KKR reported several growth-focused developments: large financings like a €300 million loan for an easyHotel acquisition, a $700M growth equity round in Saviynt, and today’s $300 million Ecoplexus credit facility. Strategic initiatives included expanded partnerships on retirement solutions and internal leadership promotions. Each event saw modestly positive price moves, suggesting investors responded favorably to capital deployment, platform expansion and governance milestones.

Market Pulse Summary

This announcement adds another deal to KKR’s growing roster of financings, featuring a $300 million ...

Analysis

This announcement adds another deal to KKR’s growing roster of financings, featuring a $300 million credit facility that supports over 13 GW of U.S. solar and storage projects and more than $2.5 billion of project finance. It fits alongside other recent transactions and partnerships that expanded KKR’s reach across infrastructure, real estate and technology. Investors may track future disclosures on asset performance, fee contributions and any follow-on transactions tied to this facility.

Key Terms

credit facility, letter of credit facility, project finance, asset-based finance

4 terms

credit facility financial

"it has closed a $300 million credit facility from capital accounts advised by KKR"

A credit facility is a flexible loan arrangement that allows a borrower to access funds up to a set limit whenever needed, similar to a company having an overdraft option on a bank account. It matters to investors because it indicates how easily a business can secure cash when required, affecting its ability to manage expenses, invest, or respond to financial challenges.

letter of credit facility financial

"includes development capital and a letter of credit facility provided by Sumitomo Mitsui"

A letter of credit facility is a bank-backed line that lets a borrower obtain letters of credit — promises the bank will pay a seller if the borrower cannot. Think of it like a guaranteed store voucher that reassures a counterparty they will be paid even if the buyer’s cash is tight. Investors watch this because it supports sales and supply deals, lowers payment risk, and counts against a company’s borrowing capacity and liquidity profile.

project finance financial

"This facility will support over $2.5 billion of project finance, including investment partnerships"

Project finance is a way to fund a single, large undertaking — like a power plant or toll road — where lenders are repaid mainly from the project’s own future cash flows and the project is run through a separate company to keep its money and risks separate. For investors, this structure concentrates risk and reward around that specific asset, so returns and credit exposure depend more on the project’s success than on its sponsors, making careful assessment of cash flow forecasts and contracts crucial.

asset-based finance financial

"through our Asset-Based Finance strategy," said Sam Mencoff, Director at KKR"

Asset-based finance is a type of lending where a company borrows money using tangible assets—such as accounts receivable (invoices), inventory, or equipment—as security, similar to using a valuable item as collateral at a pawn shop. Investors care because it affects a firm's access to cash and its risk profile: more asset-backed borrowing can provide quick funding but also ties borrowing limits to the value and liquidity of those assets.

AI-generated analysis. Not financial advice.

NEW YORK, Dec. 1, 2025 /PRNewswire/ -- Ecoplexus announced today that it has closed a $300 million credit facility from capital accounts advised by KKR, a leading global investment firm. The facility includes development capital and a letter of credit facility provided by Sumitomo Mitsui Banking Corporation (SMBC). It will support the advancement of over 13GW of solar and storage projects across the United States.

"This financing marks an important milestone for our business and gives us the certainty and scale required to advance several GW of projects to start of construction in the near term," said John Gorman, Chief Executive Officer of Ecoplexus. "We appreciate the support of KKR and SMBC and value their confidence in our platform."

Ed Campaniello, Senior Vice President of Finance, stated, "Securing this cost-effective capital solution strengthens our U.S. portfolio. This facility will support over $2.5 billion of project finance, including investment partnerships in construction ready projects and the long term ownership of strategic assets."

"We're pleased to finance Ecoplexus and its high-quality, large-scale portfolio of development assets through our Asset-Based Finance strategy," said Sam Mencoff, Director at KKR. "Ecoplexus has shown analytical sophistication, discipline and scale in its approach to development, and we look forward to supporting the company as it continues to expand its solar and storage portfolio in its next phase of growth."

About Ecoplexus

Ecoplexus develops, finances and owns utility scale solar and storage projects in the United States and Japan. Since 2010, Ecoplexus has developed and financed projects across PJM, MISO, ERCOT, WECC, and the Southeast. For more information visit www.ecoplexus.com.

About KKR

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR's insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR's investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR's website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group's website at www.globalatlantic.com. 

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SOURCE Ecoplexus Inc.

FAQ

What did Ecoplexus announce about the $300 million credit facility with KKR (KKR) on December 2, 2025?

Ecoplexus closed a $300 million credit facility from capital accounts advised by KKR, including an SMBC letter of credit, to advance U.S. solar and storage projects.

How many gigawatts of projects will the Ecoplexus credit facility support?

The facility is stated to support advancement of over 13 GW of solar and storage projects across the United States.

What level of project finance does the KKR-backed facility enable for Ecoplexus?

Management said the facility will support more than $2.5 billion of project finance, including construction-ready projects and long-term ownership.

Which banks are involved in Ecoplexus' December 2025 financing and what are their roles?

Capital accounts advised by KKR provided the credit facility and Sumitomo Mitsui Banking Corporation (SMBC) provided a letter of credit facility.

What is the near-term operational impact claimed by Ecoplexus from the KKR financing?

Ecoplexus said the financing gives certainty and scale to advance "several GW" of projects to start of construction in the near term.