Willkie recently advised Clearway Energy Operating, LLC, a subsidiary of Clearway Energy, Inc., one of the largest renewable energy owners in the U.S., in the negotiation of an amendment and extension of its revolving credit agreement.

The amendment modifies the existing credit agreement to, among other things, increase the revolving commitments thereunder to an aggregate principal amount of $700 million, extend the maturity date of the facility, increase the letter of credit sublimit thereunder to $594 million, and transition to Secured Overnight Financing Rate.

The amendment results in up to $700 million of working capital capacity for Clearway.

The Willkie team was led by partners Andrew Thomison and Andres Mena and included associates Samuel Neill and Annie Moody.