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Power prices are surging in parts of the country as utilities race to fortify grids vulnerable to wildfires and try to satisfy electric demand from data centers, AI, EVs and industrial facilities.
Since the start of 2022, the combined number of fossil-fuel loans provided by Citizens Financial, BOK Financial, Truist Securities, Fifth Third and U.S. Bancorp rose more than 70 percent.
April 15, 2024
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The deal represents an ongoing trend of larger private credit firms acting as the sole lender in minor deals by being able to offer pricing and terms that other smaller lenders can’t compete with.