Apex Secures $1.05 Billion Corporate Refinancing to Accelerate U.S. Energy Growth

Charlottesville, VA - October 14, 2025 - Apex Clean Energy, a leading independent power producer, today announced the successful closing of a $1.05 billion corporate refinancing, which will provide additional capital and flexibility to support its 60+ gigawatt development portfolio across the United States.

The facility comprises a $500 million term loan, a $150 million revolving credit facility, and a $400 million letter of credit facility. The refinancing was led by Santander, Bank of Montreal (BMO), Canadian Imperial Bank of Commerce (CIBC), and SMBC acting as coordinating lead arrangers, green structuring agents, joint bookrunners, and syndication agents. Barclays Bank joined the facility as a coordinating lead arranger, and Forbright Bank is participating as an additional lender. Santander also served as administrative agent.

"This transaction underscores the strength of Apex's business model and the depth of our project pipeline, and we appreciate the confidence of our financial partners in our ability to deliver market-ready energy solutions when and where the grid needs them most," said Apex Chief Financial Officer Kenny Chernauskas. "The enhanced corporate facility provides us with a diversified suite of capital tools to continue scaling our business, bringing more energy projects to operations and delivering long-term value for our partners."