Power Sustainable Infrastructure Credit Manager (PSIC) has closed senior-secured financing to support the launch and expansion of Sagepoint Logistics, the for-hire trucking business of Sagepoint Energy.
The financing will fund the acquisition of a dedicated fleet of class 8 heavy-duty trucks and related fueling infrastructure, building on Sagepoint’s established capabilities in renewable natural gas (RNG).
Sagepoint Logistics extends the company’s operations downstream from RNG production and dispensing into end-use transportation, creating a more integrated pathway from waste-derived fuel production to end use. The transaction follows PSIC’s previously announced credit facility supporting the expansion of Sagepoint’s landfill RNG asset base.
Sagepoint Logistics’ initial fleet will operate in the Midwest from a base in Wisconsin, and the PSIC facility provides capacity to expand the fleet and broaden its geographic footprint over time.
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