Guzman Energy, a wholesale power provider for U.S. communities, and BciCapital, the capital markets platform of City National Bank of Florida, announced the closing of an $80 million revolving credit facility.
This facility will enhance Guzman Energy’s liquidity and support its expansion across the Western U.S., with a three-year maturity and a one-year extension option.
BciCapital served as the main lender and administrator for the transaction, alongside UMB Bank, N.A. and InBank, which provide local support to Denver-based Guzman Energy. The funds will be used for working capital, energy procurement, and to bolster the company’s service offerings and market growth.
Support: Vinson & Elkins served as legal counsel to Guzman Energy on the transaction. And Venable served as legal counsel to BciCapital.
KEY QUOTE:
“This revolving credit facility provides enhanced flexibility amidst dynamic energy markets. Further, it strengthens our ability to expand our power portfolio and serve our customers with reliable and affordable energy. We appreciate the confidence shown by our banking partners, especially BciCapital, for their leadership in structuring this facility.”
Mike Ott, CFO of Guzman Energy
