PureSky Energy, a U.S.-based developer, owner and operator of community solar and energy storage projects, has closed a US$62 million upsizing of its corporate credit facility arranged by Nomura, further strengthening its balance sheet and enhancing financial flexibility to support future growth.
The transaction was completed concurrently with PureSky’s recently announced investment-grade refinancing of its operating debt portfolio, enabling the company to repay certain legacy holding company debt while simplifying its overall capital structure.
According to the company, the combined financing initiatives streamline its capital structure, reduce financing complexity, and improve liquidity to support continued development and construction of community solar and distributed generation projects across the United States.
The expanded credit facility reinforces Nomura’s long-term partnership with PureSky and reflects lender confidence in the company’s operating platform, business model, and long-term growth strategy.
Rami Khadra, Chief Financial Officer of PureSky Energy, said the financing marks a significant milestone in the company’s capital strategy by providing greater financial flexibility to support its expanding development and construction pipeline while maintaining a disciplined capital structure.
Vinod Mukani, Global Head of Nomura’s Infrastructure & Power Business, said the tailored financing solution aligns with the firm’s strategy of supporting leading infrastructure companies and highlights the growing role of community solar in delivering affordable clean energy. Hua Ding, Managing Director at Nomura’s Infrastructure & Power Business, added that PureSky’s experienced management team, scalable platform, and strong operating fundamentals position the company for continued long-term growth.
With the enhanced liquidity, PureSky said it is well positioned to accelerate its pipeline of community solar and distributed generation projects across multiple U.S. markets. The company plans to continue expanding its owned and operated portfolio, advance projects into construction, and increase access to affordable clean energy as part of its long-term growth strategy.
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