Solar Landscape secures $600 million debt facility to support fast-growing project pipeline – Real Estate NJ

By Joshua Burd Solar Landscape has closed on a $600 million financing commitment from First Citizens Bank to help accelerate its pipeline of rooftop solar projects in New Jersey and nationally. According to the firms, the agreement includes a $350 million three-year revolving credit facility for construction and a $250 million delayed-draw term loan facility…

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Cut borrowing costs for poorer countries to free up $900bn for development – report | Debt relief

Cutting debt servicing costs for the world’s poorest countries could free up $900bn (£660bn) a year for development, a new report to the UN secretary general has claimed. Prepared by advocacy group Development Finance International (DFI) and launched in Oslo today, the analysis warned that the world is facing “the worst ever debt-provoked development crisis”.…

Brazil debt-relief program may reach less than 1% of defaults

The latest version of the government’s debt renegotiation initiative, Desenrola, introduced this week by President Lula‘s administration, will cover less than 1% of existing debts. This is due to its strict eligibility requirements—income limited to five minimum wages and debts overdue for up to two years—which do not reflect the actual situation faced by Brazilian…