Terawatt Infrastructure Secures Up to $300 Million for EV Charging Expansion
Updated
Updated · Bloomberg · Jun 24
Terawatt Infrastructure Secures Up to $300 Million for EV Charging Expansion
1 articles · Updated · Bloomberg · Jun 24
Summary
$300 million in potential debt will fund Terawatt Infrastructure’s acquisition and development of charging facilities in the US and overseas, the EV charging company said Wednesday.
RBC Capital Markets led a five-year senior secured credit facility starting at $150 million, with an option to expand by another $150 million.
SMBC and UBS joined the lending syndicate backing the financing.
Terawatt’s customer base includes Waymo, linking the funding to a fast-growing market for large-scale charging networks.