Amendment & Extension to Revolving Credit Facility

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) Edward Russell Eileen Fargis Jason Benson Michael Hart	[phone]
Peel Hunt LLP (Joint Corporate Broker) Liz Yong Luke Simpson Huw Jeremy	[phone]
Stifel (Joint Corporate Broker) Edward Gibson-Watt Rajpal Padam	[phone]
Apex Listed Companies Services (UK) Limited (Company Secretary)              Martin Darragh Maria Matheou	[phone]
FTI Consulting (Financial PR) Matthew O'Keeffe Mitch Barltrop Vee Montebello	[phone]

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.

 

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