Tech Company Financing Transactions
Hybar Funding Round
On 8/4/2023, Hybar announced $700 million in investment from TPG Rise Climate Fund.
Transaction Overview
Company Name
Announced On
8/4/2023
Transaction Type
Debt
Venture Equity
Venture Equity
Amount
$700,000,000
Round
Undisclosed
Investors
TPG Rise Climate Fund (Lead Investor)
Proceeds Purpose
The company intends to use the funds to build, start up and operate the mill. Of the $700m raised, $470m will be spent to build the rebar mill. The remainder of the financing will be used to start-up and operate the mill and pay certain debt service costs during construction. The mill, which is expected to take 22 months to construct, is being built in northeast Arkansas on a 1,300-acre greenfield site with direct access to barge, rail and truck transportation options. The mill will produce a full complement of high-yielding rebar that will primarily be used in large infrastructure projects, including projects supported by the Infrastructure Investment and Jobs Act and the Inflation Reduction Act.
Company Information
Company Status
Private & Independent
Industry
Environmental
Mailing Address
Undisclosed
Osceola, AR Undisclosed
USA
Osceola, AR Undisclosed
USA
Phone
Undisclosed
Email Address
Overview
Operator of recycling steel rebar mill based in Arkansas, United States. The company specializes in the scrap metal recycling steel bar production facility.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Dave Stickler
Chief Financial Officer
Ari Levy
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We do our best to record tech company VC transactions. VC investment data records on this site are sourced from a variety of public sources. The data is sourced from VentureDeal.com, an affiliated venture.
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