Solar Landscape Closes $125M Debt Funding Led by M&T Bank

The round also saw participation from Flagstar Bank, Atlantic Union Bank, and Valley Bank.

The company plans to use the funding to expand its operations and accelerate its product development efforts.

The expanded financing facility strengthens Solar Landscapes ability to support its growing pipeline of distributed energy projects while maintaining the flexibility needed to meet rising demand from commercial property owners, utilities and energy customers.

The funding also supports the company’s continued EBITDA growth by providing efficient access to development capital, helping accelerate project development, execution, and deployment.

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The facility expands Solar Landscape’s existing partnership with M&T Bank, which originally provided the company’s revolving working capital line. As Solar Landscape’s project pipeline and development activity grew, M&T Bank syndicated the facility to increase available capital and support the company’s expanding development efforts across key markets.

The revolving credit facility provides flexible working capital to support project development and execution. By funding important development activities, it helps projects move more efficiently from initial planning to construction readiness while supporting investment across the company’s growing portfolio.

The company’s funding structure helps speed up the deployment of distributed energy projects at a time when electricity demand is rising across the country. It enables Solar Landscape to bring solar and energy storage projects online more quickly while supporting the company’s continued expansion nationwide.

"Speed-to-power has become one of the defining challenges facing the energy industry," said Clayton Avent, Chief Financial Officer of Solar Landscape. "This partnership, led by M&T Bank, is an important piece of our ability to enable our scale and increase throughput in our core markets. The facility strengthens our development platform, supports predictable execution across our pipeline, and allows us to bring new megawatts online faster at a time when demand for electricity continues to accelerate."

"Solar Landscape has established itself as a leader in distributed energy infrastructure through its ability to execute at scale consistently," said Brian Clark, Head of Commercial Banking, New Jersey at M&T Bank. "We are proud to lead this financing and support the company's continued growth as it delivers critical energy infrastructure to communities across the country."

About Solar Landscape

Founded in 2012 by Shaun Keegan and Corey Gross, Solar Landscape is a leading distributed energy infrastructure company that turns commercial real estate properties into sources of clean energy through large-scale solar and storage projects. The company partners with more than 170 commercial real estate owners and utilities to develop, build, own, and operate distributed energy projects. These projects can add new power capacity to the grid in as little as 12 months while creating long-term revenue opportunities for commercial and industrial property owners.

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