REG - SDCL Efficiency Inc. - Project Finance Agreement to reduce RCF

SDCL Efficiency Income TrustAnnouncement

10/07/2025 07:00

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RNS Number : 4227Q  SDCL Efficiency Income Trust PLC   10 July 2025

10 July 2025

 

SDCL Efficiency Income Trust plc ("SEIT" or the "Company")

Project Finance Agreement to reduce RCF

SDCL Efficiency Income Trust plc (LSE: SEIT) is pleased to announce a new
financing facility. This has been negotiated on favourable terms and serves to
achieve liquidity that will be used to reduce SEIT's drawings on its RCF by
approximately £17 million.

Financing at Zood Infrastructure Ltd ("Zood")

As referred to in the Annual Results on 23 June 2025, Sustainable Development
Capital LLP ("SDCL" or the "Investment Manager") has successfully secured a
new senior debt facility for the Zood portfolio of operational assets,
operated and managed by the Electric Vehicle Network ("EVN"). Zood is wholly
owned by SEIT, which also owns a 15% minority stake in EVN. The new financing
does not prevent a full or partial disposal in the future.

The facility provides an initial £17.6 million in long-term financing plus an
additional uncommitted facility of up to £40 million to support Zood's
growing pipeline of projects. The majority of the initial drawing will be used
to reduce the Company's RCF,

 

Jonathan Maxwell, CEO of SDCL, commented:

"As we focus on de-leveraging SEIT and crystallising value for its
shareholders, the financing at Zood helps to reduce SEIT's short term
revolving credit facility, while providing Zood with financing.

"The Investment Manager is targeting disposals and refinancings in the coming
months with the objective to continue to reduce the RCF and, ultimately, to
return capital to shareholders."

 

For Further Information

 Sustainable Development Capital LLP  T: +44 (0) 20 3874 1460

 Jonathan Maxwell

 Eugene Kinghorn

 Ben Griffiths

 Tamsin Jordan

 Jefferies International Limited      T: +44 (0) 20 7029 8000

 Tom Yeadon

 Gaudi Le Roux

 Cardew Group                         T: +44 (0) 20 7930 0777

 Ed Orlebar                           E: SEIT@cardewgroup.com (mailto:SEIT@cardewgroup.com)

 Henry Crane                          M: +44 (0) 7738 724 630

                                      E: henry.crane@cardewgroup.com (mailto:henry.crane@cardewgroup.com)

 Liam Kline                           M: +44 (0) 7827 130 429

                                      E: liam.kline@cardewgroup.com

 

LEI: 213800ZPSC7XUVD3NL94

 

About SEIT

SDCL Efficiency Income Trust plc is a constituent of the FTSE 250 index. It
was the first UK listed company of its kind to invest exclusively in the
energy efficiency sector. Its projects are primarily located in North America,
the UK and Europe and include, inter alia, a portfolio of cogeneration assets
in Spain, a portfolio of commercial and industrial solar and storage projects
in the United States, a regulated gas distribution network in Sweden, a
portfolio of on-site energy recycling, cogeneration and process efficiency
projects, servicing the largest steel blast furnace in the United States and
a district energy system providing essential and efficient utility services on
one of the largest business parks in the United States.

The Company aims to deliver shareholders value through its investment in a
diversified portfolio of energy efficiency projects which are driven by the
opportunity to deliver lower cost, cleaner and more reliable energy solutions
to end users of energy.

The Company is targeting an attractive total return for shareholders with a
stable dividend income, capital preservation and the opportunity for capital
growth. The Company is targeting a dividend of 6.36p per share in respect of
the financial year to 31 March 2026. SEIT's last published NAV was 90.6p per
share as at 31 March 2025.

Past performance cannot be relied on as a guide to future performance.

Further information can be found on the Company's website at www.seitplc.com
(http://www.seitplc.com/) .

Investment Manager

SEIT's investment manager is Sustainable Development Capital LLP ("SDCL"), an
investment firm established in 2007, with a proven track record of investment
in energy efficiency and decentralised generation projects in the UK,
Continental Europe, North America and Asia.

SDCL is headquartered in London and also operates worldwide from offices in
New York, Dublin Hong Kong and Singapore. SDCL is authorised and regulated in
the UK by the Financial Conduct Authority.

Further information can be found on at www.sdclgroup.com
(http://www.sdclgroup.com/) .

 

 

 

 

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