Phelps Team Advises PosiGen on $90M Credit Facility

Phelps Dunbar recently assisted PosiGen, Inc., a Louisiana-based solar and energy efficiency company, secure a $90 Million credit facility. This three-year credit facility will allow the nation’s leading provider of affordable renewable energy and efficiency solutions to continue service to over 13,000 Louisiana, Connecticut, New York and New Jersey residents and allow the company to focus on expanding services to additional states.

On this deal, PosiGen partnered with New York-based asset management firm LibreMax Capital, Connecticut Green Bank and not-for-profit investment fund Prosperity Capital.

The Phelps team was led by Partners Will Bishop and Lee Adler and included Bart Bacigalupi, Fielding James and Ryan Moon.