M&A/Shareholder vote/2026/Greenbacker Renewable Energy Company LLC

Greenbacker Renewable Energy Company LLC

MN8 Energy Holdings LLC is buying Greenbacker Renewable Energy Company LLC, paying holders in cash and stock, a deal worth $375M. MN8 Energy Holdings LLC is backed by Goldman Sachs Asset Management, L.P. and The Regents of the University of California and WSI Fund II Holdings, LP and Mercuria Clean Energy Investments BV. Greenbacker is a renewable energy company that owns and operates solar energy and battery storage projects, and provides related services.

Holders get
Cash and stock
at the election of the holder: (i) a number of MN8 Common Units equal to the Per Share Consideration divided by the Common Unit Value, (ii) a combination of cash equal to 50% of the Per Share Consideration and MN8 Common Units for the remainder, or (iii) cash equal to the Per Share Consideration, subject to proration
Deal value
$375M
Expected close
Not given
Status
Pending
Checked
See the filing →

Filed

The deal

MN8 Energy Holdings LLC is acquiring Greenbacker Renewable Energy Company LLC, a renewable energy company that owns and operates solar energy and battery storage projects and provides related services. Holders may elect to receive MN8 Common Units, a 50% cash and 50% unit mix, or all cash subject to proration.

The deal is expected to close after November 23, 2026. It requires Greenbacker Member Approval, certain investor consents, HSR waiting period expiry, and no Material Adverse Effect.

What has happened

Agreement signed · Greenbacker Renewable Energy Company LLC entered into an Agreement and Plan of Merger with MN8 Energy Holdings LLC, with a base purchase price of $375,000,000. · See the filing
Holders sent the terms and a meeting date

What must happen first

Greenbacker Member Approval
receipt of certain consents from investors in MN8 and its affiliates
HSR waiting period expiry
no Material Adverse Effect

The board says

FOR the adoption of the merger agreement and approval of the merger