Ameresco Upsizes and Extends Corporate Senior Credit Facility
29 1월 2025 - 6:05AM
Business Wire
The Company adds international banking partners
to aid in continued European expansion.
Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator
specializing in energy efficiency and renewable energy, today
announced the successful refinancing and expansion of its term loan
and revolving credit facility. The Company entered into a sixth
amended and restated senior secured credit agreement with a
syndicate of lenders, including Bank of America, N.A., Keybank
National Association, Cooperative Rabobank U.A., New York Branch,
Webster Bank, N.A. and HSBC Bank USA, N.A.
The new credit agreement replaces and extends Ameresco's
existing credit agreement and provides up to $50M in additional
liquidity through an expanded revolver and term loan. The
refinanced facilities include a $225 million revolving credit
facility and a $100 million term loan, both maturing on December
28, 2028. Overall, the refinanced credit facilities offer increased
financial flexibility for Ameresco at the same interest rate
spreads as the prior agreement.
The proceeds from the refinanced credit facilities are expected
to be used for a range of general corporate purposes. These might
include facilitating permitted acquisitions, refinancing existing
corporate indebtedness, and addressing working capital
requirements. The obligations under the new credit agreement are
guaranteed by certain wholly owned domestic subsidiaries and are
secured by a pledge of the Company's and subsidiary guarantors'
assets.
"We are pleased to have extended and increased our credit
facilities, which will provide us with enhanced financial
flexibility to support our growth initiatives and strategic
objectives," said Mark Chiplock, Executive Vice President and CFO
of Ameresco. "This refinancing underscores the confidence our
lenders have in Ameresco's business model and future
prospects."
About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading
cleantech integrator and renewable energy asset developer, owner
and operator. Our comprehensive portfolio includes solutions that
help customers reduce costs, decarbonize to net zero, and build
energy resiliency while leveraging smart, connected technologies.
From implementing energy efficiency and infrastructure upgrades to
developing, constructing, and operating distributed energy
resources – we are a trusted sustainability partner. Ameresco has
successfully completed energy saving, environmentally responsible
projects with Federal, state and local governments, utilities,
healthcare and educational institutions, housing authorities, and
commercial and industrial customers. With its corporate
headquarters in Framingham, MA, Ameresco has more than 1,500
employees providing local expertise in North America and Europe.
For more information, visit www.ameresco.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20250128083929/en/
Media Contact: Ameresco: Leila Dillon, 508-661-2264,
news@ameresco.com
Investor Relations Contact: Eric Prouty, AdvisIRy
Partners, 212.750.5800, eric.prouty@advisiry.com Lynn Morgen,
AdvisIRy Partners, 212.750.5800, lynn.morgen@advisiry.com
Ameresco (NYSE:AMRC)
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