Aypa Power, a Blackstone portfolio company and a developer, owner and operator of utility-scale energy storage and hybrid renewable-energy projects, has upsized its corporate credit facility to a total of $1.05 billion.
This represents a $400 million upsize on top of the existing $650 million facility closed in July 2024. The $1.05 billion consists of a $300 million term loan, a $200 million revolving-credit facility and a $550 million letter-of-credit facility.
Aypa said the transaction strengthens its capital position and supports the continued advancement of its multi-gigawatt development portfolio across key North American markets.
“With over 22 gigawatts in development, this facility gives us the flexibility to scale with discipline and deliver where the grid needs it most,” said Marc Atlas, CFO at Aypa Power. “We appreciate the strong support from both new and existing lenders.”
