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Foresight Solar Fund long-term refinancing

By BFN News | 07:56 AM | Friday 01 April, 2016


Foresight Solar Fund Limited has reached financial close on a GBP160 million long-term debt facility. This will wholly refinance the company's GBP150 million short-term acquisition facility currently in place. The long-term facility will be provided by Macquarie Infrastructure Debt Investment Solutions and Abbey National Treasury Services. The company has also entered into a new, short-term revolving acquisition facility with Santander. And the company has finalised an agreement with a single provider to enter into a 5-year Power Purchase Agreement for 15 of the 16 assets in the portfolio following a wide portfolio tender process. Story provided by StockMarketWire.com

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