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Altus Power Secures Financing for Expansion
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Altus Power secures $100 million credit facility from Goldman Sachs and CPP Investments to fuel expansion plans. The financing, with an 8.50% interest rate and a six-year term, is prepayable without penalty after three years. Altus Power, based in Stamford, Connecticut, is a leading provider of clean electric power serving various sectors.
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How might the funding from Goldman Sachs and CPP Investments impact Altus Power's ability to expand its clean energy initiatives?
In what ways could Altus Power's focus on clean electric power influence the broader energy industry and related sectors?
What regulatory approvals and customer retention challenges could affect Altus Power's expansion plans?
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