Capstone Green Energy Holdings, a provider of behind-the-meter clean microturbine energy solutions for industrial and commercial operations, with solutions designed for emerging datacenter applications, has announced the closing of its previously announced $112.5 million strategic investment led by funds managed by Monarch Alternative Capital. The transaction included the issuance of $80 million in senior convertible preferred stock and $15 million of common stock to Monarch, together with a concurrent private placement of common stock (or pre-funded warrants in lieu thereof) of an additional $17.5 million to accredited investors, including several of the company’s existing investors.
In connection with the closing, the company used $85 million of the proceeds to fully redeem the preferred equity interest in Capstone Green Energy held by Capstone Distributor Support Services, an entity controlled by Goldman Sachs. As a result, Capstone Green Energy, through which the compan
