Fulcrum BioEnergy completes financing for second facility

In California, Fulcrum BioEnergy, Inc announced the completion of an interim financing to fund Fulcrum’s second waste-to-fuels project, culminating in the issuance by the Indiana Finance Authority of $375 million of Environmental Improvement Revenue Bonds through Fulcrum’s wholly owned subsidiary Fulcrum Centerpoint, LLC (Centerpoint). Proceeds from the
offering will be held in escrow with the Bonds subject to a mandatory tender for purchase on November 15, 2022. Fulcrum expects to refinance the bonds on or before November 15, 2022. The transaction was led by Morgan Stanley and Goldman Sachs & Co. LLC.