Summary
- Sidley has successfully advised Galvanize on a significant US$70 million project debt financing for AMP, an AI-driven waste and recycling company.
- The funds will support the construction of a new sortation facility and organics processing system in Portsmouth, Virginia, as part of AMP's 20-year partnership with the Southeastern Public Service Authority.
- This innovative financing approach treats AMP's advanced technology as financeable infrastructure, ensuring long-term municipal demand.
- The project also includes a facility to convert organics into biochar, contributing to AMP’s commitment to remove 200,000 metric tonnes of CO2e by 2030 under its agreement with Google.
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