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CIM’s Permanent Power Company Closes $600M Financing for Solar Project in San Joaquin Valley
CIM Group’s Permanent Power Company has closed an approximately $600-million construction financing facility to proceed with development of Grape, its solar and energy storage project in California. The financing package includes an approximately $372.3-million construction-to-term loan, an approximately $166.7-million tax credit transfer bridge loan, and an approximately $61.3-million letter of credit facility. Truist serves as ...
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