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Stock impact report

Pivot Energy Secures Over $225 Million from Three Existing Lenders to Advance Community Solar Projects [Yahoo! Finance]

Comerica Incorporated (CMA) 
Last comerica incorporated earnings: 4/21 06:34 am Check Earnings Report
US:NYSE Investor Relations: investor.comerica.com
Company Research Source: Yahoo! Finance
announced three important financing agreements totaling $225 million, showcasing the company's continued momentum and commitment to scaling renewable energy production and distributed generation solar. The financing includes: $170 million upsize to an existing construction warehouse facility with ATLAS SP ("ATLAS") and First Citizens Bank ("First Citizens"), supporting a new portfolio of approximately 60 community solar projects, equivalent to 225 Megawatts (MW) in Illinois, Colorado, Maryland, Virginia, New York, Pennsylvania, Delaware, Michigan, and California. $40 million equipment facility with First Citizens, supporting purchases of domestically made solar panels from Silfab Solar Inc $15 million corporate financing facility with Comerica Bank ("Comerica"). This announcement follows Pivot's $450 million debt warehouse facility secured last year, which was led by First Citizens and ATLAS and ranks among the largest-ever raised by a distributed generation solar company. W Show less Read more
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