LibertyStream Signs Term Sheet for Up to $95M Financing
LibertyStream Infrastructure Partners (VLTLF) has signed a non-binding term sheet with Endurance Finance Partners for up to $95 million in financing. The proposed framework includes an initial senior secured construction facility of up to $45 million, aimed at supporting the company's Freedom 1 and Freedom 2 projects. The financing would carry an annual interest rate of 12.25% and mature five years after definitive agreements are executed. In addition to funding for these specific projects, there is potential for future site financings under this arrangement.
Topics: construction facility financing term sheet