secwatch.observer — SEC 8-K summary
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Issuer:     Ameresco, Inc. (AMRC)
CIK:        0001488139
Form:       8-K
Filed at:   2022-03-04T23:59:59+00:00
Accession:  0001488139-22-000016
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ameresco enters $495M credit facility refinancing, upsizes revolver and adds $220M delayed draw term loan
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- New facilities: $200M revolver (mat. 3/2025), $75M term loan A (mat. 3/2025), $220M delayed draw term loan (draw by 3/2023, mat. 9/2023).
- Immediately after closing: $75M term loan drawn, $200M delayed draw drawn, $0 on revolver.
- Interest rate 2.3% (Term SOFR + margin 1.5%-2.75%); leverage ratio covenant decreases to 3.5x, DSCR ≥1.5x.
- Proceeds for general corporate purposes including SCE Agreement; revolver can be increased up to $100M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1488139/000148813922000016/0001488139-22-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1488139/000148813922000016/amrc-20220304.htm
  HTML page:      https://secwatch.observer/filing/0001488139-22-000016

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