Ameresco subsidiary enters $125M RNG credit facility at 6.5% interest, maturing 2037

Ameresco, Inc.

RNG Holdings refinanced prior $50M facility into a new $125M non-recourse loan from Hannon Armstrong affiliate.
$80M drawn at closing; $26.5M used to repay prior facility, remainder for swap termination, costs, distributions, and working capital.
Interest at 6.5% plus residual cash flows until lender achieves 8.25% IRR or Oct 26, 2047; quarterly payments based on 5-year amortization.
Maturity Oct 26, 2037; prepayment after 3 years with premiums of 102% (2025-2027) and 101% (2027-2029), no premium after Oct 26, 2029.
Two additional draws available for distributions to Ameresco, subject to conditions; secured by RNG Holdings assets and Ameresco's equity interest.

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