SAN FRANCISCO )--Generate Capital, PBC ("Generate"), a sustainable infrastructure investment firm, announced a $1.2 billion revolving credit facility and term loan to support its mission to become the capital partner for the infrastructure transition. This transaction demonstrates strong support from financial markets for Generate's leading model of building, owning, operating, and investing in the assets and companies delivering the increased demand for sustainable infrastructure solutions.

"We are grateful for the financing from our lending partners in committing to facilities that provide Generate with the financial resilience and resources needed to build the infrastructure for a more sustainable future," said Ed Bossange, Head of Capital Formation at Generate. "These facilities are an important step in our journey to expand the impact of our work and deliver value to our stakeholders."

The financing underscores Generate's commitment to financial strength and operational excellence in a dynamic market, while ensuring long-term stability and capacity for growth. It comes on the heels of a $1.5 billion equity raise earlier this year, together exemplifying Generate's strong access to capital. In addition, the credit facility includes a sustainability-linked pricing adjustment, reinforcing the mission to build and invest in sustainable infrastructure.

J.P. Morgan arranged the transaction, serving as Administrative Agent and Sustainability Structuring Agent. In addition to J.P. Morgan, thirteen other lenders participated in the credit facilities: BMO Capital Markets, Scotiabank, Truist Bank, City National Bank, Royal Bank of Canada, Bank of America, Mizuho, Morgan Stanley, Barclays, Citi, Goldman Sachs, Nomura, and Southern Bancorp.

Generate was represented by Sullivan & Cromwell LLP.