Last checked at 27 Jun 2023 09:11
27 June 2023
ECOFIN U.S. RENEWABLES INFRASTRUCTURE TRUST PLC
(the "Company")
Amendment and Extension to Revolving Credit Facility
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.
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.
For further information, please contact:
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/.
The Company's LEI is 2138004JUQUL9VKQWD21.