Hybar LLC, a company owned in part by TPG Rise Climate and Koch Minerals & Trading, announced the pricing of $400 million aggregate principal amount of 7.375% Senior Secured Green Notes due 2034. The notes have been designated as “Green Bonds—Climate Bond Certified” by Kestrel 360, Inc.

Use of Proceeds

Hybar intends to use the proceeds of this offering to finance or refinance the construction of a second steel rebar mini mill, fund costs related to the offering, refinance existing senior project facilities, and for general corporate purposes.

The notes will be fully and unconditionally guaranteed, on a senior secured basis, jointly and severally, by Hybar Intermediate Holdings LLC and other subsidiaries of Hybar.

Original reporting: KTBS 3 (Shreveport) — read the source article.