Group of Lenders Closes $50 Million Delayed Draw Term Loan for Electric Vehicle Charging Infrastructure

A group of lenders closed a $50 million delayed draw term loan facility to a company engaged in acquiring real property and developing electric vehicle charging infrastructure, with Faegre Drinker representing the lender group throughout the transaction. The facility is secured by substantially all personal property assets of the borrower and its material subsidiaries and is guaranteed by the borrower's parent company and certain subsidiary guarantors. The lenders are also indirect equity owners of the borrower. The transaction closed in August 2026.

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