Press Release

Kirkland Counsels CarVal on $150 Million Secured Convertible Notes Financing for Redaptive

Kirkland & Ellis advised affiliates of CarVal Investors, a leading global alternative investment fund manager, on a $150 million secured convertible notes financing for Redaptive Inc., a leading provider of “efficiency-as-a-services” for commercial and industrial customers. The transaction will support Redaptive’s ongoing development of sustainable infrastructure projects, including energy-efficient lighting and heating, ventilation and air conditioning (HVAC) systems. With this funding, Redaptive will be able to deploy over $1 billion in new projects.

Read Redaptive’s press release

The Kirkland team was led by debt finance partner Rohit Chaudhry and associates Mateo Todd Aceves and Raghav Gupta; with assistance from debt finance partner Chris Kirkham; transactional partner Jonathan Manor; tax partner Scott Cockerham and associate Ryan Douglas Phelps; technology & intellectual property associate Andy Dykstra; and capital markets associate Lance Kurtis Hancock.