Budderfly, one of the fastest-growing energy companies in the U.S., announced the closing of a $100 million expansion of its corporate debt facility with Nuveen Energy Infrastructure Credit, bringing the total corporate facility to $200 million. Including project debt facilities, Nuveen EIC has now invested more than $300 million in Budderfly.
The expanded financing increases Budderfly’s total capital access to more than $1.1 billion across equity, corporate debt, and project financing vehicles. The investment builds on an initial $100 million corporate debt facility established in May 2025 and reflects the continued growth of the partnership between the two organizations. Since first partnering in 2024, Nuveen has increased its commitment through both corporate and project financing facilities, helping support Budderfly’s expansion and platform growth.
The financing follows a series of recent capital raises for Budderfly, including the expansion of its project debt facilities to $550 million, highlighting continued momentum in the company’s broader capital strategy.
Budderfly plans to use the additional capital to expand its turnkey energy infrastructure platform, which helps businesses modernize facilities, lower operating costs, and improve energy efficiency without requiring upfront investment. Through long-term service agreements, the company invests in and manages infrastructure systems such as HVAC, lighting, refrigeration, controls, and water technologies.
The company serves customers across industries including restaurants, retail, healthcare, and manufacturing, providing cost savings and operational improvements while generating recurring long-term cash flows.
According to Budderfly, its strong financial performance has supported its growth trajectory, including achieving positive EBITDA in 2025. The company said the new capital will help accelerate deployment as businesses increasingly seek ways to reduce costs, strengthen operational resilience, and modernize infrastructure.
KEY QUOTES:
“Nuveen’s continued investment is a powerful validation of our model and the growing demand for energy infrastructure solutions in the commercial sector. With this expanded facility, we are accelerating deployment at a time when businesses are actively seeking ways to reduce costs, improve operational resilience, and modernize their infrastructure. Our ability to scale is underpinned by strong financial performance, including achieving positive EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) in 2025, and this additional capital enables us to build on that momentum.”
Al Subbloie, Chief Executive Officer, Budderfly
“Budderfly has demonstrated strong execution and a differentiated ability to deliver infrastructure modernization at scale. Our increased commitment reflects confidence in the company’s performance, its proven business model, and the significant opportunity to deploy capital into solutions that provide both compelling financial returns and tangible value for customers.”
Don Dimitrievich, Head of Nuveen Energy Infrastructure Credit
