Kirkland Advises Powin on Securing $200 Million in Debt Capital From KKR to Bolster Growth and Innovation in Energy Storage
Kirkland & Ellis represented Powin, a global leader in battery energy storage solutions, on successfully securing a revolving credit facility of up to $200 million primarily from insurance accounts managed by KKR, a leading global investment firm. The facility will be instrumental in supporting Powin’s working capital needs, driving continued innovation and further enhancing the company’s financial flexibility as it expands its leadership position in the storage industry.
The Kirkland team was led by debt finance partner Lucas Spivey and associate Alex Moosariparambil and corporate partners Jhett Nelson and Josh Teahen; with assistance from debt finance partner James Bedotto and associates Brock Baker and Daly Brower; corporate associate Colleen Haile; and tax partners Vincent Thorn and Liam Murphy.
