27 Jun 2023 09:11
27 June 2023
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ECOFIN U.S. RENEWABLES INFRASTRUCTURE TRUST PLC
(the "Company")
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Amendment and Extension to Revolving Credit Facility
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Ecofin U.S. Renewables Infrastructure Trust PLC is pleased to announce that its wholly-owned subsidiary, RNEW Capital, LLC, has completed an amendment and extension to its $65 million revolving credit facility ("RCF") with KeyBank, one of the premier lenders to the U.S. renewable energy industry.
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The RCF, which comprises two tranches, has now been extended by 12 months. The $50 million tranche has been extended to October 2024 with a rate of SOFR + 2.00% to 18 October 2023 and SOFR + 2.125% thereafter, and the $15 million tranche was extended to October 2025 with a rate of SOFR + 2.25% to 18 October 2023 and SOFR + 2.375% thereafter.
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For further information, please contact:
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Ecofin Advisors, LLC (Investment Manager) Edward Russell Eileen Fargis Jason Benson Michael Hart   | +1 913 981 1020 |
Peel Hunt LLP (Joint Corporate Broker) Liz Yong Luke Simpson Huw Jeremy   | +44 20 7418 8900 |
Stifel (Joint Corporate Broker) Edward Gibson-Watt Rajpal Padam | +44 20 7710 7600 |
Apex Listed Companies Services (UK) Limited (Company Secretary) Martin Darragh Maria Matheou | +44 20 3327 9720 |
FTI Consulting (Financial PR) Matthew O'Keeffe Mitch Barltrop Vee Montebello  | +44 79 7607 5797 |
Further information on the Company can be found on its website at https://uk.ecofininvest.com/funds/us-renewables-infrastructure-trust-plc/.
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The Company's LEI is 2138004JUQUL9VKQWD21.