Multi-tranche solar project facility with ECA support
A 250MW solar development required senior debt larger than any single regional lender could underwrite, alongside ECA cover for imported equipment.
We structured a senior + mezzanine stack with three lenders sharing risk, ECA-supported tranching on capex draws, and a tariff-linked DSCR covenant package.
Closed in 5 months from term-sheet to first drawdown. Sponsor retained 100% project equity. Construction on schedule under tranche-by-tranche release.