Audio description: Light music begins.
Visual description: The Truist logo appears in the center of the screen in front of a purple background, then fades to reveal an aerial view of a windmill silhouetted against a sunny sky. Green farm fields stretch out to the horizon.
Andrew Rosenbaum: Truist’s purpose is to build better lives and communities.
Visual description: Andrew is being interviewed in a rustic, brick-walled space.
On-screen text: Andrew Rosenbaum, Managing Director, Power and Renewables Investment Banking, Truist Securities.
Andrew: I can’t think of an opportunity, I can’t think of a transaction, where that is more obvious than with what we did with Doral.
Visual description: Scene changes to reveal an aerial view of green farm fields stretching to the horizon. Sheep graze in the lower right-hand corner. As the camera pans left, vertical rows of solar panels appear in the farm fields. The scene changes to reveal a close-up of sheep grazing in the field, with solar panels visible in the distance.
Andrew: Working with the farming community to build solar panels, it’s not just helpful to the environment, but it’s also critical to helping farmers maintain a cherished way of life.
Audio description: Light music continues.
Visual description: Andrew is seen walking between two men, Nick Cohen and Evan Speece, through a grassy field. A fence post is visible in the foreground, with a farm building, fencing, and trees in the background.
On-screen text: Revitalizing communities through renewable energy. A Truist client success story.
Visual description: Scene changes to reveal an aerial shot of a combine harvester driving through a wheat field. Then, close-ups of the man driving the combine and of the combine’s blades cutting through the wheat are seen.
Nick Cohen: A lot of these farms are generational. There’s an emotional and sentimental value to these farms.
Visual description: Nick is being interviewed in a rustic, brick-walled space.
On-screen text: Nick Cohen, President and CEO, Doral Renewables.
Nick: And at the same time, the farms are financially stressed.
Visual description: Two horses, one light brown with a white strip on its nose and the other dark brown, are looking at the camera over a fence with a farm building in the background. The scene changes to show a close-up of the side of a barn with peeling red paint and leafless vines growing on it, followed by a wide shot of the red barn with farm equipment parked outside.
Nick: They don’t want to give up the family farm.
Visual description: An aerial camera view flies above a wheat field and over several rows of solar panels in the neighboring field.
Nick: Our solar projects are going to help them compete with the larger institutional farms.
Visual description: Scene changes to reveal a close-up of a man’s feet as he walks in dress shoes through a grassy field. Andrew, Nick, and Evan are then seen standing together by a green metal fence and looking out into the distance and talking together.
Nick: When the Truist folks actually came out to the farm and they met the farmers, at that point, I knew they understood us.
Visual description: Nick being interviewed.
Nick: And the reason that’s so important is that as we’re looking for investors, we need investors that appreciate that value of relationships, and Truist actually delivered the perfect investor.
Visual description: Nick, Andrew, and Evan are seen walking together through a farm, with fences and trees in the background. A close-up of Evan shows him talking with Andrew on the farm. Then the scene changes to reveal Evan being interviewed in a rustic, brick-walled space.
On-screen text: Evan Speece, Chief Financial Officer, Doral Renewables.
Evan Speece: A lot of the projects that we started developing in the initial outset of the company have now come to fruition and require the capital that’s necessary to construct the projects.
Visual description: Scene changes to reveal a ground-level view of large solar panels in a field. Nick is seen walking by and looking at the panels while wearing a blue hard hat.
Evan: We’ve raised a few different rounds of capital over the last few years. This round of capital was by far, I think, our most important.
Visual description: Evan being interviewed.
Evan: We raised $400 million of capital.
Visual description: Evan, Andrew, and Nick are seen walking and talking together in the farm field
Evan: Truist in many ways was the ideal partner because they understand at their core what we’re doing and how we’re doing it.
Visual description: An aerial shot shows Nick walking between rows of solar panels in a farm field. The scene changes to reveal Andrew being interviewed.
Andrew: They were looking to build a much larger company that would endure over time. We needed to take all of that into consideration as we thought through capital planning and how to help them build a business.
Visual description: Nick, Andrew, and Evan are seen walking and talking together through a grassy farm field with fencing and trees in the background. The scene changes to reveal a close-up shot of Nick’s hands removing a chain from a gate and opening the gate. Then Nick is seen in a field walking with several sheep.
Nick: There is something about getting to know your partners that is lost sometimes in the modern business world.
Visual description: Nick being interviewed.
Nick: And that’s where we can trust that Truist is a real partner that’s taking the time to understand what we’re all about.
Visual description: Scene fades to reveal the Truist Securities logo and title in the center of the screen on a purple background.
On-screen text: Truist Securities. Truist.com/DoralRenewables. Copyright 2025 Truist Securities, Inc., member, FINRA and SIPC. Truist Securities is a federally registered service mark of Truist Financial Corporation. All rights reserved.
Audio description: Light music ends.
