TSL Express Daily News

DENVER--(BUSINESS WIRE)--Guzman Energy, a wholesale power provider for U.S. communities seeking better power solutions, and BciCapital, the capital markets platform of City National Bank of Florida, announced today the successful closing of an $80 million revolving credit facility on July 11, 2025. The new facility provides additional liquidity and standby letters of credit to Guzman, enabling the company’s expansion across the Western U.S. The facility has a 3-year maturity with a 1-year extension option.

BciCapital served as the Initial Lender, Administrative Agent, Account Bank, Sole Lead Arranger, Sole Bookrunner, and Issuing Bank on the transaction. UMB Bank, N.A. and InBank participated in the facility and each offer valuable, local support to Denver-based Guzman Energy. UMB has a large team based in Denver. InBank is headquartered in Denver.

“This revolving credit facility provides enhanced flexibility amidst dynamic energy markets. Further, it strengthens our ability to expand our power portfolio and serve our customers with reliable and affordable energy,” said Mike Ott, CFO of Guzman Energy. “We appreciate the confidence shown by our banking partners, especially BciCapital, for their leadership in structuring this facility.”

The facility will be used for working capital, energy procurement, and supporting the company’s continued service offering and market expansion.

Vinson & Elkins LLP served as legal counsel to Guzman Energy on the transaction. Venable LLP served as legal counsel to BciCapital.

About Guzman Energy

Guzman Energy is a full-service wholesale power provider dedicated to communities and organizations in search of affordable and reliable energy. The company partners with cooperatives, municipalities, companies and tribes across North America to customize power supply solutions that are transparent and cost-effective.

About BciCapital

BciCapital is City National Bank of Florida’s (CNB) capital markets platform, offering loan syndication, specialty finance and capital placement services to middle-market sponsors across various industries throughout the U.S. BciCapital’s client base includes sponsors and sponsor-backed portfolio companies, within the private equity, private credit, hedge fund, family office, asset management, and insurance sectors. With more than $27 billion in assets, CNB – a subsidiary of Chilean bank Banco de Credito e Inversiones (Bci) – is one of Florida’s largest financial institutions and one of the nation’s fastest-growing banks. CNB is rated 5 stars "Superior" by BauerFinancial and has earned an “Outstanding” Community Reinvestment Act rating for its lending in underserved communities for more than 20 consecutive years. The bank has been certified a Great Place to Work® and has repeatedly been recognized as one of the nation’s “Best Banks to Work For” by American Banker magazine. CNB is Member FDIC.