Silicon Valley Bank will lead a more than $200 million financing facility for Pivot Energy Inc.’s multi-state portfolio of solar projects.
(Bloomberg) — Silicon Valley Bank will lead a more than $200 million financing facility for Pivot Energy Inc.’s multi-state portfolio of solar projects.
This transaction is the first syndicated-loan closing that SVB has led since its recent acquisition by First Citizens BancShares Inc., according to a statement Tuesday.
Silicon Valley Bank was a leader in solar financing before its collapse in March.
Read More: What Silicon Valley Bank’s Collapse Means for Climate Tech
(Corrects day of statement in second graph.)
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