Important. This page is marketing material and does not constitute an offer or a commitment to lend. Any financing is subject to due diligence, credit approval, documentation, intercreditor agreement, and conditions precedent.
Project Finance Equity Bridge and Mezzanine Solutions
We arrange equity bridge facilities and mezzanine capital for bankable projects that need targeted funding to reach notice to proceed, mechanical completion, or financial close. The focus is on contracted or near contracted cash flows and on security packages that stand up in a workout. Typical sectors include renewable energy, battery storage, transmission, digital infrastructure, transport, water, industrial processing, and selected natural resources midstream.
Where this capital fits
- Short tenor equity bridges secured against committed sponsor equity
- Mezzanine project debt to cover cost overruns and funding gaps
- Completion support where senior lenders require additional headroom
- Pre financial close expenses and early works with clear takeout
- Refinance of construction period letters of credit or guarantees
What we look for
- Credible offtake or user-pay contracts and bankable EPC terms
- Permits, land rights, and grid or interconnection status
- Sponsor standing, committed equity, and contingency coverage
- Model with DSCR and LLCR support under base and downside cases
- Security package with step in and cash control mechanics
Objective. Deliver targeted capital that closes the funding gap and protects senior takeout or long term refinancing.
Structures and Terms
| Facility Type | Purpose | Typical Size | Tenor | Security and Ranking | Key Covenants |
|---|---|---|---|---|---|
| Equity Bridge Facility | Bridge committed sponsor equity to milestones | USD 5m to 150m | 6 to 24 months with extension tests | Senior secured over accounts and shares with equity commitment support and assignment of proceeds | Milestone based drawdowns, equity cure, no leakage, mandatory prepayment on equity receipt |
| Mezzanine Project Debt | Subordinated tranche for overruns and gap funding | USD 10m to 200m | 2 to 5 years with cash or PIK flexibility | Second ranking security and intercreditor with senior lenders | DSCR maintenance, capex tests, restricted payments, dedicated reserve accounts |
| Completion Support Facility | Contingent capital to satisfy completion tests | USD 10m to 100m | Until completion or long stop date | Security aligned with senior package, sponsor support undertakings | Completion tests, cure mechanics, step in rights, enhanced reporting |
Pricing and economics
- Risk based margin over benchmark with floor
- Arrangement, commitment, and exit fees sized to complexity and ranking
- PIK options and make whole provisions where appropriate
Security package
- Share pledges, account charges, assignment of material project documents
- Direct agreements with EPC, O&M, and offtakers where feasible
- Insurance and performance bond proceeds assignment
Underwriting and Process
Initial package
- Project executive summary and sources and uses
- Financial model with assumptions book and scenarios
- EPC terms, O&M plan, and construction schedule
- Permits, land rights, grid or interconnection letters
- Offtake agreements or tariff framework where applicable
Diligence pathway
- Independent technical, legal, and insurance reviews
- Model audit and sensitivities for DSCR and LLCR
- Intercreditor negotiation and collateral perfection
- Conditions precedent checklist and funds flow
Outcome. A documented credit process that aligns sponsor objectives, senior lender requirements, and timeline to completion or refinancing.
Start a Project Finance Request
Submit project details to receive an initial review and an indicative term sheet if suitable.
Open Client IntakeDisclaimers. Parameters are illustrative and subject to change. Any financing is contingent on satisfactory due diligence, intercreditor agreement, market conditions, and final approvals. Nothing herein is investment, legal, tax, or accounting advice.
