on Revolve Renewable Power Corp. (CVE:REVV)
Revolve Renewable Power Announces $40 Million Financing with Callaway Capital
Revolve Renewable Power Corp. has secured a $40 million strategic financing through a convertible credit agreement with Callaway Capital Management. This agreement aims to remove capital constraints and accelerate the development of Revolve's 3 GW renewable energy portfolio.
The financing consists of two tranches, with an initial $10 million available upon closing. This capital infusion is expected to enhance Revolve's balance sheet, support acquisitions, and advance renewable projects, particularly in Mexico.
CEO Myke Clark highlights the partnership with Callaway as transformative, allowing Revolve to execute growth and support increasing electricity demand. Callaway's financing aligns with long-term value creation through flexible conversion features and board nomination rights, aiming to build a North American energy leader.
R. H.
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