
Expanded working capital facility strengthens development pipeline and accelerates deployment of distributed energy infrastructure


Solar Landscape, the nation&#39;s leading platform for distributed energy

<p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Expanded working capital facility strengthens development pipeline and accelerates deployment of distributed energy infrastructure</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Solar Landscape, the nation&#39;s leading platform for distributed energy infrastructure built on commercial real estate, today announced the closing of an oversubscribed $125 million revolving credit facility led by <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.mtb.com%2F&amp;esheet=54558328&amp;newsitemid=20260623698661&amp;lan=en-US&amp;anchor=M%26amp%3BT+Bank&amp;index=1&amp;md5=16d7c87a1a8f5f68c9e599b4e549a586" shape="rect">M&amp;T Bank</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/MTB">MTB</a>), with participation from Flagstar Bank, Atlantic Union Bank, and Valley Bank.

</p><p xmlns="http://www.w3.org/1999/xhtml">
The facility expands an existing relationship between Solar Landscape and M&amp;T Bank, which originally provided the company&#39;s revolving working capital line. As Solar Landscape&#39;s project pipeline and development activity continued to grow, M&amp;T Bank successfully syndicated the facility, increasing available capital to support the company&#39;s accelerating development efforts across its core markets.

</p><p xmlns="http://www.w3.org/1999/xhtml">
The revolving credit facility provides flexible working capital that supports project throughput and execution across Solar Landscape’s growing development pipeline. By funding critical development activities, the facility enables projects to advance more efficiently from origination to construction readiness while maintaining capital deployment across its portfolio.

</p><p xmlns="http://www.w3.org/1999/xhtml">
The company’s efficient funding structure helps to accelerate the deployment of distributed energy infrastructure at a time when electricity demand is growing rapidly nationwide, supporting Solar Landscape’s ability to bring front-of-the-meter solar and storage projects online faster while continuing to scale across the country.

</p><p xmlns="http://www.w3.org/1999/xhtml">
&#34;Speed-to-power has become one of the defining challenges facing the energy industry,&#34; said Clayton Avent, Chief Financial Officer of Solar Landscape. &#34;This partnership, led by M&amp;T Bank, is an important piece of our ability to enable our scale and increase throughput in our core markets. The facility strengthens our development platform, supports predictable execution across our pipeline, and allows us to bring new megawatts online faster at a time when demand for electricity continues to accelerate.&#34;

</p><p xmlns="http://www.w3.org/1999/xhtml">
The financing complements Solar Landscape&#39;s broader capital strategy and existing project financing facilities, creating a comprehensive funding structure that supports projects from early-stage development through construction and operation.

</p><p xmlns="http://www.w3.org/1999/xhtml">
&#34;Solar Landscape has established itself as a leader in distributed energy infrastructure through its ability to consistently execute at scale,&#34; said Brian Clark, Head of Commercial Banking, New Jersey at M&amp;T Bank. &#34;We are proud to lead this financing and support the company&#39;s continued growth as it delivers critical energy infrastructure to communities across the country.&#34;

</p><p xmlns="http://www.w3.org/1999/xhtml">
The expanded facility further strengthens Solar Landscape&#39;s ability to advance a growing pipeline of distributed energy projects while maintaining the operational flexibility required to meet increasing demand from commercial real estate owners, utilities, and energy consumers. The financing also supports the company’s continued year-over-year EBITDA growth by providing efficient access to development capital that accelerates project execution and deployment.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About Solar Landscape</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Solar Landscape is the nation’s leading distributed energy infrastructure company, transforming commercial real estate into a source of new power by deploying solar and storage at scale. Partnering with more than 170+ commercial real estate owners and utilities, the company develops, builds, owns, and operates distributed energy projects that deliver new capacity to the grid in as little as 12 months while generating long-term income for commercial and industrial property owners.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Recognized by the Financial Times as one of the fastest-growing companies in the U.S. and ranked the #1 commercial rooftop solar developer by Solar Power World, Solar Landscape combines real estate expertise with proprietary technology and vertically integrated execution to deploy infrastructure with speed and certainty.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Headquartered in Asbury Park, New Jersey, with offices in New York City, Chicago, and Baltimore, the company has deployed more than 500 projects representing over 750 MWdc of generation.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260623698661r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260623698661/en/" rel="nofollow">https://www.businesswire.com/news/home/20260623698661/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
For inquiries: <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:media@solarlandscape.com" shape="rect">media@solarlandscape.com</a>

</p>

Solar Landscape Closes Oversubscribed $125 Million Revolving Credit Facility Led by M&T Bank

M&T Bank leads $125M revolver to accelerate Solar Landscape deployments

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>Expanded working capital facility strengthens development pipeline and accelerates deployment of distributed energy infrastructure


Solar Landscape, the nation&amp;#39;s leading platform for distributed energy</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Solar Landscape announced an oversubscribed $125 million revolving credit facility led by M&amp;T Bank, with participation from Flagstar Bank, Atlantic Union Bank, and Valley Bank. The facility expands MTB&#039;s existing relationship and will accelerate Solar Landscape&#039;s development pipeline by funding from origination to construction. The deal signals growing lender activity in distributed energy infrastructure and could support MTB&#039;s fees and cross-sell opportunities.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Solar Landscape closes $125M revolving facility led by M&amp;T Bank.</li><li>Syndicated with Flagstar, Atlantic Union, and Valley Bank to fund growth.</li><li>Facility expands MTB relationship as Solar Landscape&#039;s pipeline grows.</li><li>Funds accelerate origination-to-construction for distributed energy projects.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>M&amp;T Bank (MTB)</strong>: Led the financing; potential fees and cross-sell opportunities for MTB.</li><li><strong>Flagstar Bank (FBC)</strong>: Participated in the syndication; supports diversification of lenders.</li><li><strong>Atlantic Union Bank (N/A)</strong>: Participated in syndication; limited direct MTB impact.</li><li><strong>Valley Bank (N/A)</strong>: Participated in syndication; private-entity lender with indirect exposure.</li><li><strong>Solar Landscape (Private)</strong>: Private DER developer; financing accelerates its project pipeline.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. The article describes a lender-led financing arrangement and syndication for a growth-stage energy-infrastructure company, signaling strategic funding support and potential revenue opportunities for MTB.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>M&amp;T Bank-led syndication signals rising lender appetite for DER project financing.</li><li>Solar Landscape&#039;s pipeline expansion may lift development-capital demand and revolver utilization.</li><li>Renewable energy infrastructure financing activity remains a focal point for banks.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>$125 million revolving credit facility.</li><li>Led by M&amp;T Bank; participation from Flagstar Bank, Atlantic Union Bank, Valley Bank.</li><li>Solar Landscape: 500+ projects, 750 MWdc deployed.</li><li>Headquartered in Asbury Park, NJ; offices in NYC, Chicago, Baltimore.</li><li>Date: press release June 23, 2026.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Expansion of MTB&#039;s lending relationship could boost near-term fees and cross-sell opportunities over 6–12 months.</p>
  </section>
</section>


<p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Expanded working capital facility strengthens development pipeline and accelerates deployment of distributed energy infrastructure</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Solar Landscape, the nation&#39;s leading platform for distributed energy infrastructure built on commercial real estate, today announced the closing of an oversubscribed $125 million revolving credit facility led by <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.mtb.com%2F&amp;esheet=54558328&amp;newsitemid=20260623698661&amp;lan=en-US&amp;anchor=M%26amp%3BT+Bank&amp;index=1&amp;md5=16d7c87a1a8f5f68c9e599b4e549a586" shape="rect">M&amp;T Bank</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/MTB">MTB</a>), with participation from Flagstar Bank, Atlantic Union Bank, and Valley Bank.

</p><p xmlns="http://www.w3.org/1999/xhtml">
The facility expands an existing relationship between Solar Landscape and M&amp;T Bank, which originally provided the company&#39;s revolving working capital line. As Solar Landscape&#39;s project pipeline and development activity continued to grow, M&amp;T Bank successfully syndicated the facility, increasing available capital to support the company&#39;s accelerating development efforts across its core markets.

</p><p xmlns="http://www.w3.org/1999/xhtml">
The revolving credit facility provides flexible working capital that supports project throughput and execution across Solar Landscape’s growing development pipeline. By funding critical development activities, the facility enables projects to advance more efficiently from origination to construction readiness while maintaining capital deployment across its portfolio.

</p><p xmlns="http://www.w3.org/1999/xhtml">
The company’s efficient funding structure helps to accelerate the deployment of distributed energy infrastructure at a time when electricity demand is growing rapidly nationwide, supporting Solar Landscape’s ability to bring front-of-the-meter solar and storage projects online faster while continuing to scale across the country.

</p><p xmlns="http://www.w3.org/1999/xhtml">
&#34;Speed-to-power has become one of the defining challenges facing the energy industry,&#34; said Clayton Avent, Chief Financial Officer of Solar Landscape. &#34;This partnership, led by M&amp;T Bank, is an important piece of our ability to enable our scale and increase throughput in our core markets. The facility strengthens our development platform, supports predictable execution across our pipeline, and allows us to bring new megawatts online faster at a time when demand for electricity continues to accelerate.&#34;

</p><p xmlns="http://www.w3.org/1999/xhtml">
The financing complements Solar Landscape&#39;s broader capital strategy and existing project financing facilities, creating a comprehensive funding structure that supports projects from early-stage development through construction and operation.

</p><p xmlns="http://www.w3.org/1999/xhtml">
&#34;Solar Landscape has established itself as a leader in distributed energy infrastructure through its ability to consistently execute at scale,&#34; said Brian Clark, Head of Commercial Banking, New Jersey at M&amp;T Bank. &#34;We are proud to lead this financing and support the company&#39;s continued growth as it delivers critical energy infrastructure to communities across the country.&#34;

</p><p xmlns="http://www.w3.org/1999/xhtml">
The expanded facility further strengthens Solar Landscape&#39;s ability to advance a growing pipeline of distributed energy projects while maintaining the operational flexibility required to meet increasing demand from commercial real estate owners, utilities, and energy consumers. The financing also supports the company’s continued year-over-year EBITDA growth by providing efficient access to development capital that accelerates project execution and deployment.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About Solar Landscape</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Solar Landscape is the nation’s leading distributed energy infrastructure company, transforming commercial real estate into a source of new power by deploying solar and storage at scale. Partnering with more than 170+ commercial real estate owners and utilities, the company develops, builds, owns, and operates distributed energy projects that deliver new capacity to the grid in as little as 12 months while generating long-term income for commercial and industrial property owners.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Recognized by the Financial Times as one of the fastest-growing companies in the U.S. and ranked the #1 commercial rooftop solar developer by Solar Power World, Solar Landscape combines real estate expertise with proprietary technology and vertically integrated execution to deploy infrastructure with speed and certainty.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Headquartered in Asbury Park, New Jersey, with offices in New York City, Chicago, and Baltimore, the company has deployed more than 500 projects representing over 750 MWdc of generation.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260623698661r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260623698661/en/" rel="nofollow">https://www.businesswire.com/news/home/20260623698661/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
For inquiries: <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:media@solarlandscape.com" shape="rect">media@solarlandscape.com</a>

</p>

Solar Landscape announced an oversubscribed $125 million revolving credit facility led by M&T Bank, with participation from Flagstar Bank, Atlantic Union Bank, and Valley Bank. The facility expands MTB's existing relationship and will accelerate Solar Landscape's development pipeline by funding from origination to construction. The deal signals growing lender activity in distributed energy infrastructure and could support MTB's fees and cross-sell opportunities.

Solar Landscape Closes Oversubscribed $125 Million Revolving Credit Facility Led by M&T Bank

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

Related News