US-based Nexamp, a national developer and operator of distributed PV & BESS has closed a $340 million private placement debt refinancing with PGIM Private Capital(PPC). The refinancing covered 39 solar farms across seven states, representing 150 MW of generation and 37 MWh of storage. It included a $107 million PPC Shelf Facility to support additional solar and storage projects over the next three years. Nexamp owned and operated over 1 GW of solar capacity, with additional projects under construction or development. The financing attracted institutional investor interest and provided flexibility for further growth. Recently, Nexamphas made supply agreement with Silfab Solar.