The Facility will allow the company to efficiently issue letters of credit for approved project-related purposes, including but not limited to interconnection deposits, power purchase agreements, project financings, and deposits related to major equipment purchases
This transaction represents another milestone in Heelstone's strategic expansion into a fully integrated renewable energy independent power producer (IPP)
DURHAM, N.C., Jan. 13, 2026 (GLOBE NEWSWIRE) -- Heelstone Renewable Energy ("Heelstone"), a premier U.S. utility-scale renewable energy platform, announced today the successful close of a $200 million senior secured corporate credit facility (the "Facility"). Under the stewardship of Qualitas Energy, the Facility will accelerate Heelstone's transition into a fully integrated independent power producer (IPP) and further strengthen its ability to deliver an expanding portfolio of renewable energy projects across the U.S.
The proceeds will be deployed to advance Heelstone's strategic growth objectives, providing letters of credit for approved project-related purposes, including but not limited to interconnection deposits, power purchase agreements, project financings, and deposits related to major equipment deposits. The Facility further establishes a revolving credit sublimit that will fund company-level working capital requirements, advanced equipment purchases, and other general corporate purposes.
The financing was led by Deutsche Bank. PEI Global Partners served as Exclusive Financial Advisor to Heelstone. Norton Rose Fullbright US LLP acted as Borrower's Counsel, and Paul Hastings LLP served ...
