Case Study: Renewable Energy Technology and Developer

Case Study: Renewable Energy Technology and Developer

In August 2017, Altimapa successfully secured an £8 million, 5-year term loan for a renewable energy technology provider. This represents our second project and growing specialism within the sector.

Company Background

Our client is a technology provider, developer and operator of waste-to-energy projects that utilise the company’s own unique technology. The company was established in the UK in the 1990s and it delivers projects globally, having completed 16 plants in the UK, Europe, and the Americas.

Expansionary Vision

The company aimed to build on its many years of experience to remain at the forefront of the expanding global waste-to-energy industry. Their focus was on securing debt to grow the project pipeline rapidly by recruiting engineering staff across the business, funding further research and investing in early stage development of new and existing projects.

A lender that could provide growth and working capital in one product was required. This would allow the company to double their capacity to undertake new projects, whilst funding further research and development.

"Although we are experienced project finance users, this was our first foray into raising substantial funds for our own working capital needs. Altimapa did a great job guiding us to the perfect funder and supported us through each stage of the process."
Founder and CEO

The Private Debt Solution

Altimapa introduced the company to a select number of funders, who have an interest in taking security over a combination of contracted cash flows and physical assets. The fundraising process moved efficiently with only 4 weeks between mandate and termsheet. After negotiation, the final agreement was signed and a competitively priced loan was drawn down 5 weeks later. The fundraise from start to finish took just over 2 months to complete, demonstrating the speed at which a funding solution can be arranged by private debt lenders.

Summary Terms

Amount£8,000,000
Tenor5 Years
TypeTerm Loan
Additional FeaturesInterest only in first 2 years
Uses of CashWorking capital facility to expand engineering team and increase project capacity