SolaREIT Expands Revolving Credit Facility to $60 Million with Atlantic Union Bank and EagleBank

SolaREIT, the leading solar and battery storage real estate investment company, announced the expansion of its revolving credit facility to $60 million through an increased commitment from Atlantic Union Bank (NYSE: AUB) and the syndication to EagleBank (NASDAQ: EGBN). Atlantic Union Bank served as the sole book runner and administrative agent for the facility, leading the structuring and syndication efforts.

This marks the third upsize of the facility in less than two years, reflecting growing confidence in SolaREIT's business model and the increasing demand for solar and storage land financing solutions. The facility provides SolaREIT with additional capital to meet growing demand from solar and battery energy storage developers. The company's innovative financing solutions help developers and landowners maximize the value of their real estate assets while advancing clean energy deployment.

"We’re thrilled to be partnering with Atlantic Union Bank and EagleBank to provide financing solutions to clean energy developers. This expanded facility demonstrates the financial community's confidence in our business model and team," said Laura Klein, CFO of SolaREIT. "As the clean energy transition accelerates, developers need reliable, flexible financing solutions. This increased capital allows us to continue scaling our support for solar and storage projects across the country."

"This third expansion of SolaREIT's credit facility demonstrates both their excellent execution and the robust demand for solar and storage land financing," said John Lester, SVP and commercial relationship manager at Atlantic Union Bank. "We're proud to continue growing our partnership with a company that's helping accelerate clean energy deployment through innovative real estate solutions."

"Eagle Bank recognizes the crucial role that innovative financing plays in advancing clean energy development," said Toby Haggerty, SVP and C&I relationship manager at EagleBank. "SolaREIT's unique approach to renewable energy real estate financing makes them an ideal partner, and we're excited to support their continued growth."

Solar and battery storage development require significant real estate investment. SolaREIT partners with developers and landowners to provide capital solutions that optimize land value and support project development. The company's practical, streamlined financing options deliver maximum flexibility based on clients' individual needs, financial goals, and vision for their land.

SolaREIT | https://www.solareit.com/

Atlantic Union Bank | https://www.atlanticunionbank.com/

Eagle Bancorp | https://www.eaglebankcorp.com/