CHICAGO – October 20, 2021 – WhiteHorse Capital, the direct lending affiliate of H.I.G. Capital, a leading global alternative investment firm with over $45 billion of equity capital under management, provided a new first lien term loan to CleanChoice Energy, Inc. ("CleanChoice" or the "Company") to refinance existing indebtedness. Founded in 2012 and headquartered in Washington, DC, CleanChoice Energy is a provider of renewable energy to homes and businesses in the U.S.
“The WhiteHorse Capital team was a great financial partner throughout the transaction. We were impressed with their ability to structure the new term loan to meet our needs as we expand our platform in order to provide clean energy to more consumers," said Tom Matzzie, founder and CEO of CleanChoice.
John Yeager, Managing Director at WhiteHorse Capital, added, "We are excited to partner with CleanChoice and look forward to supporting the Company and management team as they execute on their growth strategy going forward."
About CleanChoice Energy
CleanChoice Energy’s mission is to make clean energy accessible for everybody. The Company’s consumer engagement platform utilizes machine learning to connect consumers with renewable energy solutions for their home or business including retail renewable energy and community solar.
About WhiteHorse Capital
WhiteHorse is the direct lending affiliate of H.I.G. Capital, a leading global alternative investment firm with over $45 billion of equity capital under management.* WhiteHorse provides debt financing to middle market companies across a broad range of industries, including Telecom, Media and Technology, Healthcare, Business Services and Financial Services. WhiteHorse has a broad investment mandate and provides senior and subordinated debt for refinancings, growth capital, acquisitions, buyouts, and balance sheet recapitalizations. WhiteHorse professionals, across the U.S. and Europe, have extensive experience and a proven track record of providing creative financing structures and employing a long term relationship oriented portfolio management philosophy.