Ameresco Upsizes and Extends Corporate Senior Credit Facility
Ameresco (NYSE: AMRC) announced the successful refinancing and expansion of its term loan and revolving credit facility through a sixth amended and restated senior secured credit agreement. The new agreement, involving a syndicate of lenders including Bank of America, Keybank, Rabobank, Webster Bank, and HSBC, provides up to $50M in additional liquidity.
The refinanced facilities include a $225 million revolving credit facility and a $100 million term loan, both maturing on December 28, 2028. The agreement maintains the same interest rate spreads as the previous one while offering increased financial flexibility. The funds will be used for general corporate purposes, including potential acquisitions, refinancing existing debt, and working capital requirements.
Ameresco (NYSE: AMRC) ha annunciato il successo nel rifinanziamento e nell'espansione del suo prestito a lungo termine e della linea di credito rotativa attraverso un sesto accordo di credito senior garantito, modificato e riformulato. Il nuovo accordo, che coinvolge un sindacato di finanziatori tra cui Bank of America, Keybank, Rabobank, Webster Bank e HSBC, prevede fino a $50M di liquidità aggiuntiva.
Le strutture rifinanziate includono una linea di credito rotativa da $225 milioni e un prestito a termine da $100 milioni, entrambi in scadenza il 28 dicembre 2028. L'accordo mantiene gli stessi spread dei tassi d'interesse del precedente mentre offre una maggiore flessibilità finanziaria. I fondi saranno utilizzati per scopi aziendali generali, comprese potenziali acquisizioni, rifinanziamento del debito esistente e requisiti di capitale circolante.
Ameresco (NYSE: AMRC) anunció el exitoso refinanciamiento y expansión de su préstamo a largo plazo y facilidades de crédito rotativas a través de un sexto acuerdo de crédito senior garantizado, modificado y reformulado. El nuevo acuerdo, que involucra a un sindicato de prestamistas incluyendo Bank of America, Keybank, Rabobank, Webster Bank y HSBC, proporciona hasta $50M en liquidez adicional.
Las facilidades refinanciadas incluyen una línea de crédito rotativa de $225 millones y un préstamo a término de $100 millones, ambos con vencimiento el 28 de diciembre de 2028. El acuerdo mantiene los mismos márgenes de tasa de interés que el anterior, al tiempo que ofrece mayor flexibilidad financiera. Los fondos se utilizarán para fines corporativos generales, incluyendo posibles adquisiciones, refinanciamiento de deuda existente y requerimientos de capital de trabajo.
Ameresco (NYSE: AMRC)는 6번째 개정 및 수정된 선순위 담보 대출 계약을 통해 장기 대출 및 회전 신용 시설의 성공적인 재융자 및 확장을 발표했습니다. 새로운 계약은 Bank of America, Keybank, Rabobank, Webster Bank 및 HSBC를 포함한 대출자 연합과 관련이 있으며, 최대 $50M의 추가 유동성을 제공합니다.
재융자된 시설에는 2억 2500만 달러의 회전 신용 시설과 1억 달러의 장기 대출이 포함되어 있으며, 두 가지 모두 2028년 12월 28일에 만료됩니다. 이 계약은 이전 계약과 동일한 금리 스프레드를 유지하면서 더 큰 재무 유연성을 제공합니다. 자금은 일반 기업 용도로 사용되며, 여기에는 잠재적인 인수, 기존 부채 재융자 및 운영 자본 요건이 포함됩니다.
Ameresco (NYSE: AMRC) a annoncé le succès du refinancement et de l'expansion de son prêt à long terme et de sa ligne de crédit renouvelable à travers un sixième accord de crédit senior sécurisé modifié et reformulé. Le nouvel accord, impliquant un syndicat de prêteurs comprenant Bank of America, Keybank, Rabobank, Webster Bank et HSBC, prévoit jusqu'à 50 millions de dollars de liquidités supplémentaires.
Les installations refinancées comprennent une ligne de crédit renouvelable de 225 millions de dollars et un prêt à terme de 100 millions de dollars, tous deux arrivant à échéance le 28 décembre 2028. L'accord maintient les mêmes écarts de taux d'intérêt que le précédent tout en offrant une plus grande flexibilité financière. Les fonds seront utilisés à des fins corporatives générales, y compris des acquisitions potentielles, le refinancement de la dette existante et les exigences en fonds de roulement.
Ameresco (NYSE: AMRC) hat die erfolgreiche Refinanzierung und Erweiterung seines langfristigen Darlehens sowie seiner revolvierenden Kreditfazilität durch einen sechsten geänderten und neu gefassten besicherten Kreditvertrag bekannt gegeben. Der neue Vertrag, der ein Syndikat von Kreditgebern wie Bank of America, Keybank, Rabobank, Webster Bank und HSBC umfasst, bietet bis zu 50 Millionen Dollar an zusätzlicher Liquidität.
Die refinanzierten Einrichtungen umfassen eine revolvierende Kreditfazilität von 225 Millionen Dollar und ein Darlehen von 100 Millionen Dollar, beide mit Fälligkeit am 28. Dezember 2028. Der Vertrag behält die gleichen Zinsspannen wie der vorherige bei und bietet gleichzeitig eine größere finanzielle Flexibilität. Die Mittel werden für allgemeine Unternehmenszwecke verwendet, einschließlich möglicher Akquisitionen, Refinanzierung bestehender Schulden und Arbeitskapitalanforderungen.
- Secured $50M in additional liquidity through expanded facilities
- Extended maturity of credit facilities to December 2028
- Maintained same interest rate spreads despite facility expansion
- Increased financial flexibility for growth initiatives
- None.
Insights
The successful refinancing of Ameresco's credit facilities marks a strategic financial milestone that significantly strengthens the company's position in the cleantech sector. The
Two aspects of this refinancing are particularly noteworthy: First, maintaining the same interest rate spreads in today's higher-rate environment demonstrates lenders' confidence in Ameresco's credit quality and business model. Second, the expanded banking syndicate, now including international partners like Rabobank and HSBC, strategically positions the company for European market penetration - a important growth vector in the expanding global cleantech market.
The enhanced liquidity profile offers three key advantages:
- Increased flexibility for strategic acquisitions in the fragmented cleantech sector
- Stronger working capital position to support larger project undertakings
- Extended debt maturity profile reducing refinancing risk
The secured nature of the facility, backed by subsidiary guarantees and asset pledges, likely helped maintain favorable terms while expanding capacity. This structure typically results in lower borrowing costs compared to unsecured alternatives, optimizing the company's capital structure efficiency.
The Company adds international banking partners to aid in continued European expansion.
The new credit agreement replaces and extends Ameresco's existing credit agreement and provides up to
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
View source 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
Source: Ameresco, Inc.
FAQ
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