Close & report
Close & Report: From Conditions Precedent to Verified Impact Disclosure
The final stretch converts a negotiated term sheet into disbursed capital. We run conditions-precedent tracking, coordinate lender due diligence, and manage documentation to signing — then set up allocation and impact reporting so funders stay confident through the life of the facility.
Typical duration · 6–10 weeks to financial close; quarterly reporting thereafter through the debt tenor
Samples generated 09 Sept 2026, 05:51 am ISTWhat happens in this step
- 01Build and maintain a live conditions-precedent (CP) tracker with owners, evidence status and target dates
- 02Coordinate lender legal, technical and insurance due-diligence workstreams and respond to queries
- 03Manage documentation flow — facility agreement, security package, hedging and account arrangements — to signing
- 04Run financial-close simulation and walk-through with lenders, sponsor counsel and trustee prior to signing
- 05Set up drawdown mechanics and green-use-of-proceeds allocation tracking against eligible categories
- 06Design and populate the post-close impact and covenant reporting dashboard for lenders/investors
- 07Support first drawdown, closing certificate issuance and handover to the sponsor's treasury team
What we need from you
- Signed term sheet and agreed facility structure
- EPC, O&M, offtake/PPA and land documentation for lender review
- Corporate, security and guarantee documents from sponsor legal counsel
- Insurance, technical and environmental due-diligence reports
- Project cost breakdown and disbursement schedule
- Baseline ESG/impact metrics and monitoring plan
- Lender/investor reporting templates or covenant requirements
Worked example (anonymised, illustrative)
Standalone BESS Financing – Western India DISCOM Ancillary Services Tender · 400 MW / 800 MWh · Western India
Senior debt facility for a standalone battery storage asset contracted under a DISCOM peak-shaving and ancillary services tender, reaching financial close after a competitive lender syndication process.
Sample deliverables from this step
Every sample below is analyst-written and anonymised for illustration — structure and depth mirror our real deliverables; figures and names are not from any client engagement.
Illustrative · Growthifye-preparedConditions Precedent Compliance Matrix
Live tracker of all CPs across corporate, security, commercial and regulatory workstreams, used by lenders and sponsor to sequence closing.
Sample excerpt · CP Tracker Excerpt — Week 6 — illustrative figures
| CP Ref | Description | Responsible Party | Status | Target Date | Evidence |
| CP-01 | Corporate guarantee execution | Sponsor | Closed | 12-Mar-2024 | Executed guarantee deed |
| CP-02 | EPC contract novation | Sponsor / Lender Counsel | In progress | 18-Mar-2024 | Draft under review |
| CP-03 | Insurance binder & COI | Sponsor | Closed | 10-Mar-2024 | Binder issued |
| CP-04 | PSA execution & DISCOM acknowledgment | Sponsor | Closed | 05-Mar-2024 | Signed PSA |
| CP-05 | Statutory approvals (CEIG, land) | Sponsor | Pending | 25-Mar-2024 | Awaiting CEIG sign-off |
| CP-06 | Security creation — hypothecation | Lender Counsel | In progress | 20-Mar-2024 | Charge filing drafted |
- Updated twice weekly during the final closing sprint
- Colour-coded by criticality to closing date, not just status
Illustrative · Growthifye-preparedFinancial Close Memorandum
Consolidated closing memo summarising final commercial terms, waterfall of conditions satisfied, and outstanding post-close items for sponsor and lender sign-off.
Sample excerpt · Key Closing Terms Summary — illustrative figures
| Term | Provision |
| Facility amount | INR 950 crore senior term debt |
| Tenor | 16 years door-to-door |
| Moratorium | 24 months from COD |
| Minimum DSCR | 1.20x |
| Interest rate | 9.35% p.a., 3-year reset |
| Security | First charge on project assets and cash flows |
| Repayment | Structured quarterly, sculpted to cashflow |
- Cross-referenced to the executed facility agreement clause numbers
- Circulated to sponsor board and lender credit committee for final approval
Drawdown & Green Allocation Report
Tracks each drawdown tranche against project spend and eligible green-use-of-proceeds categories, forming the audit trail for green-loan certification.
Sample excerpt · Drawdown Allocation Log — Tranche 1 — illustrative figures
| Tranche | Amount (INR cr) | Date | Eligible Green Category | Utilisation |
| 1 | 210 | 02-Apr-2024 | Battery cells & PCS procurement | Verified against supplier invoices |
| 2 | 180 | 15-May-2024 | Container yard civil & electrical BoP | Verified against EPC milestone cert. |
| 3 | 160 | 20-Jun-2024 | Grid interconnection & 33 kV switchyard | Pending site inspection |
| 4 | 140 | 10-Jul-2024 | SCADA, EMS & fire suppression systems | Scheduled |
- Aligned to the facility's green loan framework and use-of-proceeds annex
- Independent lender's engineer sign-off required before each release
Impact & Covenant Reporting Dashboard
Recurring lender-facing dashboard combining financial covenants with environmental and performance KPIs to sustain funder confidence post-close.
Sample excerpt · Year 1 Impact Dashboard — Sample View — illustrative figures
| KPI | Baseline | Year 1 Actual | Target | Status |
| CO2 avoided (tCO2e/yr) | — | 68,400 | 70,000 | On track |
| Peak load shifted (MW) | — | 380 | 400 | On track |
| Round-trip efficiency (%) | — | 87.2 | 86.0 | Exceeding |
| Grid curtailment reduction (%) | — | 62 | 60 | On track |
- Published quarterly alongside DSCR and covenant compliance certificates
- Metrics independently verified annually by a third-party auditor
Outcomes
- Financial close achieved on schedule with no last-mile documentation gaps
- Full audit trail of green-use-of-proceeds allocation for lender and rating-agency review
- Standing impact and covenant reporting system in place from day one of operations
- Sponsor treasury team equipped to manage ongoing lender relationships independently
Questions clients ask
Who owns the CP tracker once financial close is achieved?
We hand over the live tracker and full documentation trail to the sponsor's project finance or treasury team, with a walkthrough session for continuity.
How is green-use-of-proceeds allocation verified?
Each drawdown is matched to eligible spend categories under the facility's green loan framework, supported by invoices and lender engineer certification before release.
What happens if a CP slips close to the target closing date?
We escalate immediately with a mitigation plan and, where needed, negotiate conditions-subsequent treatment with lenders to avoid delaying the overall close.
