OPAL Fuels Announces Closing of a $105 Million Senior Secured Debt Facility for RNG Projects
OPAL Fuels Inc., a vertically integrated producer and distributor of renewable natural gas, announced the closing of a five-year, $105 million senior secured debt facility. The facility provides construction financing for designated OPAL Fuels projects upon achieving certain milestones. The lending syndicate is comprised of Investec, Bank of Montreal, and Comerica Bank.
“We believe these transactions are a testament to the strength of our vertically integrated RNG platform and continued awareness of the pivotal role that RNG plays in decarbonizing the heavy-duty transportation industry now,” said Adam Comora, Co-CEO of OPAL Fuels.