Dallas, TX, March 10, 2026 – PGIM's private credit platform invested over $76 million of Senior Secured Notes into BCP 2025 MISO II Holdco, LLC, a subsidiary of Birch Creek Energy Holdings LLC, to assist in funding the construction and operation of two ground-mounted solar projects totaling 75MWac, located in Missouri and Illinois. The transaction also included approximately $87.1 million in Tax Equity Bridge Notes, with Comerica funding $50 million and PGIM purchasing the remainder.
“PGIM is excited to provide a second financing for Birch Creek’s solar portfolio. We are thrilled to work with the Birch Creek team on a repeat transaction and Comerica as a financing partner and look forward to working with both teams on future opportunities," said Ingrida Soldatova, Executive Director at PGIM.
Birch Creek Development LLC is a developer and owner of utility scale solar and storage projects across the U.S., with 500 MWs of projects in operation and a near-term development pipeline of over 3 GWs.
"Securing this financing for our second MISO portfolio is a significant milestone as we continue to scale our footprint in Missouri and Illinois. This repeat transaction with PGIM, alongside the support of Comerica, underscores the strength of our projects and the trust our financial partners have in the Birch Creek team. We remain committed to expanding our operational capacity and delivering high-quality utility-scale solar energy across the U.S.," said Max Whitacre, EVP of Project Finance at Birch Creek Energy.
About Birch Creek Energy
Founded in 2019, Birch Creek Energy is a utility-scale solar and storage developer, financier, and independent power producer with over 3GW of near-term active projects and 14.2GW total solar and storage development pipeline across MISO, PJM, ERCOT, and the U.S. Southeast. For more information, visit birchcreekdev.com
About PGIM
For more than 75 years, PGIM's private credit platform has been partnering with a wide range of corporations, sponsors, and institutions, enabling them to achieve their growth and funding goals. We are known for building enduring local partnerships based on a steady and patient commitment to our partners’ long-term capital needs. With regional teams in 15 offices around the world, we manage a portfolio of $112 billion for our partners (as of 12/31/25). For more information, please visit privatecredit.pgim.com.
About Comerica
Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Commercial Bank, The Retail Bank, and Wealth Management. Comerica, one of the 25 largest commercial U.S. financial holding companies, provides banking centers across the country with locations in Arizona, California, Florida, Michigan, and Texas. Founded on Aug. 17, 1849,in Detroit, Michigan, Comerica continues to expand into new regions, including its Southeast Market, based in North Carolina, and Mountain West Market in Colorado. Comerica has offices in15 states and services 13 of the 15 largest U.S. metropolitan areas, as well as Canada and Mexico. Comerica reported total assets of $77.4 billion at Sept. 30, 2025. Learn more by visiting www.comerica.com.
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