Renew Financial Status
The company received $300 million of revolving credit facility from Morgan Stanley Bank and Barclays Bank at August 3, 2017. The new credit facility will allow Renew Financial to provide financing through Property Assessed Clean Energy (PACE) programs in Florida and California. Previously, the company raised $89.71 million of venture funding from BlueMountain Capital Management and other undisclosed investors on March 31, 2017, putting the pre-money valuation at $325.3 million.
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