REG - Ecofin US Renewables - Amendment & Extension to Revolving Credit Facility

Ecofin US Renewables Infrastructure TrustAnnouncement

27/06/2023 09:15

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RNS Number : 0460E  Ecofin US Renewables Infrastr.Trust  27 June 2023

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)             +1 913 981 1020

 Edward Russell

 Eileen Fargis

 Jason Benson

 Michael Hart

 Peel Hunt LLP (Joint Corporate Broker)                +44 20 7418 8900

 Liz Yong

 Luke Simpson

 Huw Jeremy

 Stifel (Joint Corporate Broker)                       +44 20 7710 7600

 Edward Gibson-Watt

 Rajpal Padam
 Apex Listed Companies Services (UK) Limited (Company  +44 20 3327 9720
 Secretary)

 Martin Darragh

 Maria Matheou
 FTI Consulting (Financial PR)                         +44 79 7607 5797

 Matthew O'Keeffe

 Mitch Barltrop

 Vee Montebello

Further information on the Company can be found on its website
at https://uk.ecofininvest.com/funds/us-renewables-infrastructure-trust-plc/
(https://uk.ecofininvest.com/funds/us-renewables-infrastructure-trust-plc/) .

 

The Company's LEI is 2138004JUQUL9VKQWD21.

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