Abstract 3d rendering of triangulated surface. Contemporary background. Futuristic polygonal shape. Distorted low poly backdrop with sharp lines.
Our Work

Latham & Watkins Advises Aypa Power in US$320 Million Corporate Credit Facility

January 23, 2023
New York-based team advised the utility-scale energy storage and hybrid renewable energy projects company in the transaction.

Aypa Power (Aypa), a Blackstone portfolio company that develops, owns, and operates utility-scale energy storage and hybrid renewable energy projects, has closed US$320 million of letter of credit and revolving credit facilities led by Banco Santander, Investec, and Nomura as Coordinating Lead Arrangers and Joint Bookrunners. The facility will support the development and commercialization of Aypa’s 15+ GW project pipeline across North America. The facilities are comprised of a US$250 million letter of credit facility and a US$70 million revolving credit facility.

Latham & Watkins LLP advised Aypa Power in the deal with a finance team led by New York partners Warren Lilien and Kelly Cataldo. Advice was also provided on tax matters by New York partner Bora Bozkurt, with associate Michael Yu.