APR Energy, a global leader in fast-track power generation solutions, has secured a $300 million revolving line of credit from Wingspire Capital to support continued growth. The expanded facility doubles the revolver Wingspire Capital provided earlier this year, and APR will use proceeds for capital expenditures, maintenance, equipment refurbishment, daily operations, and additional liquidity for growth.
“Demand for fast, reliable power continues to accelerate, particularly from data center customers. This expanded revolver from Wingspire Capital supports our ability to expand our fleet, scale quickly, and deliver power on the timelines our data center and infrastructure customers require,” said Chuck Ferry, Executive Chairman and Chief Executive Officer of APR Energy.
As data center demand grows and grid buildouts take longer, APR helps customers accelerate timelines by deploying large-scale projects in weeks instead of years, while also supporting longer-term behind-the-meter and utility-scale needs.
Wingspire Capital, the Administrative Agent on the facility, expanded its partnership with APR alongside Great Rock Capital and Siena Lending Group.
“This upsized revolver is a wonderful example of the close relationship Wingspire Capital maintains with borrowers in its portfolio. We learn their business and understand their capital needs so that we can provide the right solutions at the right time to support their business strategy,” John Olsen, Managing Director at Wingspire Capital, said.
APR Energy provides rapidly deployable bridging and permanent power for mission-critical customers, including data center operators and utilities. This upsized revolver supports APR’s ability to respond quickly to customer needs while maintaining the flexibility to execute at scale.
To learn more about APR Energy, visit www.aprenergy.com.
