S&P gives Carbon Cycle North Carolina’s proposed $110M bond BBB rating
In Canada, Carbon Cycle North Carolina LLC (C2NC), an anaerobic digestion facility that converts organic waste into biomethane, is proposing to issue $110 million 15-year fully amortized solid waste disposal revenue bonds to refinance its existing bridge loan and to pay for additional operating expenses. S&P Global Ratings assigned its ‘BBB’ preliminary rating to C2NC’s proposed debt issuance.
The stable outlook reflects its expectation that the project will ramp up to its full production (90% of design capacity) by May 2026, and that project cash flow will be robust and will be supported by a strong contractual foundation.
Category: Fuels
