Ameresco Secures $300M Development and Construction Loan and Extends Maturity of Senior Secured Credit Facility Term Loan
24 Agosto 2023 - 5:05PM
Business Wire
$300M loan to fund development and construction
of clean energy assets.
Delayed Draw Term Loan A Maturity extended to
December to support working capital associated with SCE project’s
final milestones.
Ameresco, Inc., (NYSE: AMRC), a leading energy efficiency and
renewable energy company, today announced the closing of a $300M
senior secured loan facility with HASI (NYSE: HASI), a leading
investor in climate solutions, to fund development and construction
activity for clean energy assets. Additionally, Ameresco has
entered into an amendment to the company’s current senior secured
credit facility with a group of lenders led by Bank of America.
This amendment adjusts the payment schedule for the Delayed Draw
Term Loan A with final maturity extended to mid-December 2023.
"This substantial facility from HASI will serve as a flexible
capital source to support an ever-increasing opportunity set for
renewable and resilient asset development as we advance and broaden
cleantech solutions for our customers," said Doran Hole, Executive
Vice President and Chief Financial Officer at Ameresco. "We are
excited to have HASI supporting us on a path to a net zero future,
centered on clean and resilient energy solutions. The Construction
and Development Loan along with the extension of our Delayed Draw
Term Loan A facility, demonstrate Ameresco’s strong relationship
with financing partners that can provide the capital needed to fund
our current and future growth."
"We are pleased to continue our long-standing partnership with
Ameresco and contribute to the ongoing expansion of their business.
The enhanced financial capability allowed by this loan reinforces
our mutual dedication to accelerating the transition to a clean and
reliable energy future,” said Susan Nickey, Chief Client Officer of
HASI. “Through programmatic relationships such as this, we serve as
a trusted financial partner that can provide innovative financing
solutions to our clients as they realize their ambitions."
To learn more about the energy solutions offered by Ameresco,
visit www.ameresco.com/solutions/.
About Ameresco, Inc. Founded in 2000, Ameresco, Inc.
(NYSE:AMRC) is a leading independent provider of comprehensive
services, energy efficiency, infrastructure upgrades, asset
sustainability and renewable energy solutions for businesses and
organizations throughout North America and Europe. Ameresco’s
sustainability services include upgrades to a facility’s energy
infrastructure and the development, construction and operation of
renewable energy plants. Ameresco has successfully completed energy
saving, environmentally responsible projects with Federal, state
and local governments, healthcare and educational institutions,
housing authorities, and commercial and industrial customers. With
its corporate headquarters in Framingham, MA, Ameresco has more
than 1,300 employees providing local expertise in the United
States, Canada, and Europe. For more information, visit
www.ameresco.com.
Safe Harbor Statement This press release contains
forward-looking statements which are based on current expectations,
forecasts and assumptions that involve risks and uncertainties that
could cause actual outcomes and results to differ materially,
including statements related to use of the proceeds from the
facilities as well as Ameresco’s growth plans. For a list and
description of risks and uncertainties, please see Ameresco's
reports and other filings with the U.S. Securities and Exchange
Commission. Ameresco disclaims any intention or obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20230824683832/en/
Ameresco: Leila Dillon, 508-661-2264, news@ameresco.com
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