First Citizens Expands Financing for Pivot Energy with $170 Million Construction Facility and $40 Million Equipment Loan

Reuters12-17

First Citizens Expands Financing for Pivot Energy with $170 Million Construction Facility and $40 Million Equipment Loan

First Citizens BancShares Inc., through its subsidiary First Citizens Bank, has expanded its partnership with Pivot Energy by increasing an existing construction warehouse facility by $170 million. This financing supports a new portfolio of approximately 60 community solar projects across multiple states. Additionally, First Citizens provided a $40 million equipment facility to support the purchase of domestically made solar panels from Silfab Solar Inc. These agreements are part of Pivot Energy's total 2025 financing of $435 million, reflecting continued momentum in renewable energy investments.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. First Citizens BancShares Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: NY49324) on December 17, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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