Overview
(May 5, 2025, New York) – Steptoe LLP represented the lenders, arrangers, agents, issuing banks and sustainability coordinator in connection with the closing of a $2.5 billion Revolving Credit Facility in favor of Invenergy Renewables Operating I LLC (Invenergy). Natixis Corporate & Investment Banking (Natixis) acted as Mandated Lead Arranger, Issuing Lender, Syndication Agent, Sustainability Coordinator, Administrative Agent, and Collateral Agent. The financing upsized the existing $1.5 billion facility of Invenergy with the support of existing lenders and more than a dozen new lenders joining the syndicate. The facility will support Invenergy's growing project development pipeline of large-scale clean energy generation and storage facilities in the Americas.
Steptoe's team was led by Philip Corsello and Sabina Jacobs Margot, and included Alex Ahkar, Manushi Desai, and Siobhan Smith.
About Steptoe
In more than 110 years of practice, Steptoe has earned an international reputation for vigorous representation of clients before governmental agencies, successful advocacy in litigation and arbitration, and creative and practical advice in structuring business transactions. Steptoe has more than 500 lawyers and other professional staff across offices in Beijing, Brussels, Chicago, Hong Kong, Houston, London, Los Angeles, New York, San Francisco, and Washington. For more information, visit www.steptoe.com.
