Royal Bank of Canada is spearheading the provision of a $1.1bn loan package to finance the acquisition of Salt Lake City-based nuclear service provider EnergySolutions LLC by Energy Capital Partners LLC, according to a report by Bloomberg.
The deal, which marks ECP’s re-acquisition of EnergySolutions, four years after it sold a majority stake in business, comes as nuclear assets attract growing interest from investors, driven by rising demand linked to artificial intelligence infrastructure and electrification.
The report cites unnamed sources familiar with the mmatter as revealing that RBC is considering selling portions of the debt to institutional investors as early as June, although plans could shift. Representatives for RBC, ECP, and EnergySolutions all reportedly declined to comment.
