Nexentis Locks in $14.5M Valuation with $147K Repayment and $98K Profit-Rights Sale
NXTS•Nexentis signed an addendum with Solterra and other lenders for its 111–115 MWp Melz solar project, triggering early partial loan repayment and profit-rights reduction at a total project valuation of $14.5 million. Nexentis will receive $147,000 in loan repayment, $98,000 for 10% profit rights and a $22,000 option fee.
1. Addendum Execution
Nexentis executed an addendum to its loan and partnership agreement with Solterra and fellow lenders for the Melz project, effecting an early partial loan repayment and adjusting profit participation terms.
2. Financial Terms
The transaction values the 111–115 MWp solar project at $14.5 million, and provides Nexentis with approximately $147,000 in loan repayment, $98,000 from sale of 10% profit rights and a $22,000 option fee for potential further rights purchase.
3. Project Development and Upside
The Melz project remains in the development phase and Nexentis holds remaining profit rights with an option for full exit upon achieving Ready-to-Build status based on an independent Big 4 valuation.
