Stark Power Ltd. announced it has signed an $85 million financing agreement with Bank Hapoalim to fund U.S. power acquisitions. The facility will be used to acquire operating utility-scale power assets in the United States and to fund the acquisition and construction of projects ahead of financial close. Stark Power, which trades on the Tel Aviv Stock Exchange under the ticker STRK, is a developer and acquirer of utility-scale power plants and powered land infrastructure in the U.S. Chief Executive Officer Michael Avidan said the facility provides the financial flexibility to execute on the current pipeline and positions the company for what comes next. Shmulik Arbel, Deputy CEO of Bank Hapoalim and Head of the Corporate Banking Division, said the transaction marks a step change for Stark Power in the U.S. market and that the bank is actively financing power projects in the U.S. and Europe.
Yulon Finance CorpStark Power secures an $85 million financing facility from Bank Hapoalim to fund U.S. power acquisitions
Bank Hapoalim signs an $85 million credit facility with Stark Power, expanding its corporate lending book
