In a strategic move to bolster the development and construction of clean energy assets, Ameresco, a player in the climate solutions sector, has successfully concluded a substantial $300 million senior secured loan facility in collaboration with HASI, a leading investor specializing in climate solutions. The infusion of funds is earmarked to invigorate Ameresco's drive towards sustainable and resilient energy solutions.
Concurrently, Ameresco has undertaken a noteworthy amendment to its current senior secured credit facility, working closely with a consortium of lenders spearheaded by Bank of America. This amendment brings about adjustments to the payment schedule for the Delayed Draw Term Loan A, thereby extending its final maturity deadline to the mid-December of 2023.
Doran Hole, the Executive Vice President and Chief Financial Officer at Ameresco, lauded the significance of the freshly secured financial backing from HASI, highlighting its instrumental role as a versatile source of capital. Hole emphasized its potential to underpin the expanding portfolio of renewable and resilient asset projects as Ameresco navigates the landscape of cleantech solutions for its clientele.
Hole stated, “We are excited to have HASI supporting us on a path to a net-zero future, centered on clean and resilient energy solutions. The Construction and Development Loan along with the extension of our Delayed Draw Term Loan A facility, demonstrate Ameresco's strong relationship with financing partners that can provide the capital needed to fund our current and future growth.”
Susan Nickey, the Chief Client Officer at HASI, echoed the sentiment of partnership and shared commitment. She expressed satisfaction in sustaining the enduring alliance between HASI and Ameresco, underlining the joint aspiration to expand Ameresco's operational horizons.
