NESF Nextenergy Solar Fund Limited

TIDMNESF

RNS Number : 9712R

NextEnergy Solar Fund Limited

18 September 2014

18 September 2014

NextEnergy Solar Fund Limited ("NESF")

Revolving Credit Facility

   -      NESF announces signing of a revolving credit facility ("RCF") of up to GBP31.5 million 
   -      RCF designed to fund additional solar power plant acquisitions 

- NESF has to date deployed in excess of 90% of its IPO proceeds since listing at the end of April 2014

NESF is pleased to announce that it has signed financing documentation for a two-year revolving credit facility of up to GBP31.5 million which is being provided by Macquarie Bank Limited.

The RCF will allow NESF to acquire further solar power plants from among its pipeline of opportunities. NESF is currently undertaking due diligence on twelve projects amounting to c206MW in respect of which it has entered into letters of intent containing exclusivity provisions, and expects to announce acquisitions from among this pipeline shortly.

 
 NextEnergy Capital Limited    020 3714 8948 
 Michael Bonte-Friedheim 
 Aldo Beolchini 
 
 Cantor Fitzgerald Europe      020 7894 7667 
 Sue Inglis 
 Gareth Price 
 
 Shore Capital                 020 7408 4090 
 Bidhi Bhoma 
 Anita Ghanekar 
 
 MHP Communications            020 3128 8100 
 Rupert Trefgarne 
 Jamie Ricketts 
 

Notes to Editors:

NextEnergy Solar Fund

NextEnergy Solar Fund (www.nextenergysolarfund.com) is a specialist investment fund focused on operational solar photovoltaic ("PV") assets located in the UK. The Company intends to provide investors with a sustainable and attractive dividend that increases in line with RPI over the long term and an element of capital growth through the re-investment of net cash generated in excess of the target dividend.

Further information on NextEnergy Capital and WiseEnergy is available at www.nextenergycapital.com and www.wise-energy.eu.

This information is provided by RNS

The company news service from the London Stock Exchange

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