Long-term Debt Facility Provides Efficient Financing to Continue Scaling Operating Portfolio and Enhance Equity Returns
November 5, 2025
GreenFront is pleased to announce the successful closing of Longroad Energy’s note issuance to affiliates of Manulife Financial Corporation. Longroad will use the proceeds from this initial closing to recapitalize its existing debt facility and fund incremental acquisitions of land underlying 2.2 GW of solar and BESS assets, which includes a portion of Longroad’s 5.1 GW portfolio of projects. The programmatic nature of the agreement provides a scalable solution to efficiently finance future land acquisitions, recycle capital, and enhance equity returns by leveraging and retaining long-term ownership of land positions.
GreenFront served as exclusive financial advisor to Longroad in this transaction.
About Longroad Energy
Founded in 2016, Longroad Energy Holdings LLC is focused on renewable energy project development, operating assets, and services. Longroad has developed or acquired 6.9 GW of renewable energy projects across the United States and has raised $19.5 billion of equity, debt, and tax equity to support completion of its portfolio. Today, Longroad owns 5.1 GW of wind, solar, and storage projects and operates and manages a total of 6.7 GW on behalf of Longroad and third parties. Longroad is owned by the NZ Superannuation Fund, Infratil Limited, MEAG MUNICH ERGO Asset Management, and Longroad Energy Partners, LLC.