Press Release

Kirkland Counsels Blackstone on $850 Million Recapitalization of Altus Power America

Kirkland & Ellis represented GSO Capital Partners LP, an affiliate of Blackstone (NYSE: BX), in its preferred and common equity investment in Altus Power America, Inc. and in securing an investment-grade term loan facility and a construction-to-term loan facility for Altus Power America, a market-leading solar power company that provides clean electricity to commercial, industrial and municipal clients across the United States. The transaction resulted in $850 million of funded and committed capital to Altus Power to refinance its existing capital structure and fund future development.

Read the Altus press release

The Kirkland team was led by transactional partners John Pitts and David Thompson and associates Josh Abbotoy, Gordon Cranner and Brittany Scheier; debt finance partners Roald Nashi, Andy Veit and Ginger Collier and associates Angela Hagerman, Charles Martin, Claire Rokita and Kristy Moawad; tax partners David Wheat, Stephen Butler and Scott Cockerham and associate Ryan Phelps; and energy regulatory partner Brooksany Barrowes and associate Drew Stuyvenberg.