Pivot Energy closed a $173 million term loan to refinance a portfolio of 51 community-scale solar projects totaling 135 MW across six states. This financing consolidates Pivot's first three portfolios under one term loan, freeing up capacity in its construction facility to support new projects. The loan, backed by First Citizens Bank, Huntington Bank, and BankUnited, marks Pivot's first term loan and enables faster growth and continued investment in local economies and clean energy. The move strengthens Pivot's ability to deliver reliable, community-focused renewable power amid a complex energy landscape.
First Citizens BancShares Inc, one of the lenders backing Pivot Energy's $173 million term loan, has a market cap of $22.95 billion and a dividend yield of 0.41% on Pluang as of Oct 08, 2026 19:12 WIB. The stock price is stable with a slight 0.03% increase over one day, reflecting steady investor interest. This financial backdrop supports Pivot Energy's refinancing efforts to expand its community-scale solar projects.
