OPAL Fuels Announces Closing of $180 Million Preferred Stock Facility

WHITE PLAINS, N.Y.--(BUSINESS WIRE)--OPAL Fuels (Nasdaq: OPAL) announced that it has closed a new $180 million preferred stock facility with an affiliate of its majority shareholder, Fortistar. At closing, $120 million was issued from the facility, of which approximately $100 million was used to fully redeem the Series A Preferred Units previously owned by Mendocino Capital, LLC. The remaining $60 million of the facility will be available for future draw-downs. “This financing sets the stage fo.