NextEnergy Solar Fund Limited Extension of Credit Facilities (6556Y)
19 Maio 2016 - 3:01AM
UK Regulatory
TIDMNESF
RNS Number : 6556Y
NextEnergy Solar Fund Limited
19 May 2016
19 May 2016
NextEnergy Solar Fund Limited (the "Company" or "NESF")
Extension of Credit Facilities
Highlights
-- Increase of Revolving Credit Facility (the "RCF") from GBP100.0 million to GBP120.0 million
-- RCF designed to fund solar power plant acquisitions
-- Term of new RCF tranche of GBP20 million to May 2017 with the
option to extend to November 2017
-- Secured debt facilities totalling GBP243.1 million, of which
GBP216.6 million currently drawn
NESF is pleased to announce the increase of its RCF with
Macquarie Bank and Santander from GBP100.0 million to GBP120.0
million. The new facility of GBP20.0 million matures in May 2017
with NESF's option to extend to November 2017.
The increased RCF will provide flexibility to NESF to acquire
further solar power plants from its pipeline of opportunities.
The Company also has options to extend GBP31.5 million of the
pre-existing RCF of GBP100 million from September 2016 to March
2017 and the remainder of GBP68.5 million from December 2016 to May
2017.
For further information:
NextEnergy Capital Limited 020 3239 9054
Michael Bonte-Friedheim
Aldo Beolchini
Cantor Fitzgerald Europe 020 7894 7667
Sue Inglis
Shore Capital 020 7408 4090
Bidhi Bhoma
Anita Ghanekar
Macquarie Capital (Europe)
Limited 020 3037 2000
Ken Fleming
Nick Stamp
MHP Communications 020 3128 8100
Andrew Leach
Jamie Ricketts
Gina Bell
Notes to Editors:
NextEnergy Solar Fund (NESF)
NESF is a specialist investment company that invests in
operating solar power plants in the UK. Its objective is to secure
attractive shareholder returns through RPI-linked dividends and
long-term capital growth. The Company achieves this by acquiring
solar power plants on agricultural, industrial and commercial
sites.
NESF has raised equity proceeds of GBP285.4m since its initial
public offering on the main market of the London Stock Exchange in
April 2014. It also has credit facilities of GBP243.1m in place
(Macquarie and Santander: GBP120m, MIDIS: GBP55.0m, Bayersiche
Landesbank: GBP45.4m and NIBC: GBP22.7m).
NESF is differentiated by its access to NextEnergy Capital Group
(NEC Group), its Investment Manager, which has a strong track
record in sourcing, acquiring and managing operating solar assets.
WiseEnergy is NEC Group's specialist operating asset management
division, providing solar asset management, monitoring and other
services to over 1,250 utility-scale solar power plants with an
installed capacity in excess of 1.7 GW.
Further information on NESF, NEC Group and WiseEnergy is
available at www.nextenergysolarfund.com, 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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