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Urban Grid closes $100M senior secured term loan facility

Urban Grid, a Richmond, Virginia-based developer of solar projects with offices in Stevenson and nationally, announced Thursday it has closed a senior secured term loan facility for up to $100 million with Crayhill Capital Management LP, a New York-based private credit manager and asset-based lender. The facility is backed by and will finance the late-stage development of more than 5 ...

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