Published on November 22nd, 2016 | by Joshua S Hill0
Mosaic Announces New Financing Moves Resulting In More Than $550 Million In New Loan Funding
November 22nd, 2016 by Joshua S Hill
Leading American solar loan financier Mosaic has announced a series of moves, including the closure of a $250 million warehouse facility, which has resulted in more than $550 million in new loan funding capacity.
Mosaic announced on Monday that it had closed a $250 million warehouse facility with Deutsche Bank. This follows on the heels of two earlier financing rounds, a $200 million warehouse facility led by German’s DZ Bank in April, and a $220 million facility in August led by Warburg Pincus.
The company explained that the most recent Deutsche Bank round of financing, together with recent upsizes to its existing warehouse facility and a forward flow whole loan sale arrangement, Mosaic now has over $550 million in new loan funding capacity.