Form Energy secures $270M credit facility, expandable to $1B
Form Energy closed a $270M credit facility with a tax credit advance feature that can expand total credit up to $1B, secured against Section 45X production credits. Proceeds will support manufacturing scale-up and working capital at its Weirton, West Virginia plant.
Form Energy closed a $270M credit facility that includes a tax credit advance feature allowing total credit to expand to $1B, secured against Section 45X production credits. Proceeds will support manufacturing scale-up and working capital at the company’s Weirton, WV plant.