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Overview
Meeting your Utilities Financing Needs
PGIM provides secured and unsecured debt for various types of utilities, including electric, natural gas, water and wastewater systems, cooperatives, and other utility companies. We provide project financing for contracted assets, as well as secured and unsecured financings for utilities with a regulated rate base.
Who We Work With
Our Team
Matt Baker, CFA
Managing Director, Real Assets - Energy group
Ty Bowman, CFA
Managing Director, Real Assets – Power group
Brittany Braden, CFA
Executive Director, Real Assets – Energy group
Aaron Christopherson, CFA
Senior Director, Real Assets – Energy group
Callie Hamilton, CFA
Managing Director, Real Assets – Energy group
Steven Hendricks, CFA
Executive Director, Real Assets - Power group
Brian Lemons, CFA
Executive Director, Real Assets – Energy group
Lennart Piro
Senior Director, Real Assets – Infrastructure & Structured Credit
Ingrida Soldatova, CFA
Executive Director, Real Assets – Power group
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Understanding Utilities Financing
Typical financing sizes include:
- Senior debt: $10 million to $300+ million
- Subordinated debt: $15 million to $150+ million
- Preferred equity: $10 million to $50+ million
Companies will generally pursue utilities financing for project financing, debt diversification or refinancing, expansion and growth capital, acquisitions, stock buybacks, or establishing an Employee Stock Ownership Plan (ESOP).
Collapse SectionFinancing can be structured as fixed- or floating-rate, secured or unsecured, with maturities ranging from 3 to 30+ years and either amortizing or bullet repayment profiles. We can provide senior debt alongside subordinated debt and equity, delivering an integrated solution through a single, relationship-oriented capital provider.
Collapse SectionCompanies value our relationship-oriented approach, ability to provide follow-on capital as growth needs evolve, understanding of complex business requirements, and capacity to fund across the capital structure through senior debt, subordinated debt, and preferred equity.
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