The notes, which carry a 7.375% interest rate, have earned Climate Bond Certification, with Kestrel 360, Inc. verifying their alignment with international environmental standards. The offering is expected to close around June 25, 2026, pending standard market conditions. Goldman Sachs & Co. LLC and TPG Capital BD, LLC are leading the transaction, with support from Truist Securities and Barclays.

Beyond financing the expansion, proceeds will be used to refinance existing project facilities and cover costs associated with the debt issuance. The debt is secured by a combination of fixed assets and working capital, backed by guarantees from Hybar Intermediate Holdings LLC and other domestic subsidiaries. Hybar, which counts TPG Rise Climate and Koch Minerals & Trading among its key stakeholders, aims to bolster its position in the infrastructure market through this specialized facility.