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Akin Advises Kennedy Lewis in $550 Million Senior Secured Term Loan Facility for VoltaGrid

March 6, 2024

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(Dallas, Houston and New York) – Akin advised Kennedy Lewis Investment Management in a new financing for VoltaGrid, an advanced energy management and generation company providing innovative electric power solutions.  The financing will be used primarily for capital expenditures, working capital and other general corporate purposes.

The financing was structured as a $550 million senior secured term loan facility. In conjunction with the new senior secured term loan facility, VoltaGrid entered into a revised senior secured revolving credit facility and closed a follow-on equity raise of $210 million.

The Akin team was led by special situations & private credit partner Ryan Kim and included counsel Matt Alexander and associate Grace Seidl.

More details on the transaction can be found here.

Akin is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.

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