We advised Budderfly on the transaction

Davis Polk advised Budderfly, Inc. as borrower in connection with a $100 million incremental term loan facility with Nuveen Energy & Power Infrastructure Credit as lender.

Headquartered in Shelton, Connecticut, Budderfly is one of the fastest-growing energy-as-a-service (EaaS) companies in the United States. Utilizing a combination of patented technologies, equipment upgrades and proprietary energy software, Budderfly helps businesses achieve lower energy bills, a reduced carbon footprint and more reliable operations. Budderfly is a portfolio company of Partners Group.

The Davis Polk finance team included partner David J. Penna, counsel Costanza Garcia Laposse and associate Max Berman. Associate Alex Brod provided 1940 Act advice. Members of the Davis Polk team are based in the New York and Washington DC offices.

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