secwatch.observer — SEC 8-K summary
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Issuer:     Ameresco, Inc. (AMRC)
CIK:        0001488139
Form:       8-K
Filed at:   2022-10-27T23:59:59+00:00
Accession:  0001488139-22-000096
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1488139/000148813922000096/0001488139-22-000096-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1488139/000148813922000096/amrc_202210x8-kxrng1.htm
  HTML page:      https://secwatch.observer/filing/0001488139-22-000096

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