Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Ameresco, Inc. incurred credit facility of up to $125 million with HA RNG Lender LLC, an affiliate of Hannon Armstrong Sustainable Infrastructure Capital, Inc. at 6.5% with a residual percentage of distributable cash flows payable after the ma maturing October 26, 2037.
- Instrument
- credit facility
- Principal
- up to $125 million
- Counterparty
- HA RNG Lender LLC, an affiliate of Hannon Armstrong Sustainable Infrastructure Capital, Inc.
- Rate
- 6.5% with a residual percentage of distributable cash flows payable after the ma
- Maturity
- October 26, 2037
- Event
- incurrence
Exact text from the filing
On October 26, 2022 , one of Ameresco, Inc.'s ("Ameresco") subsidiaries ("RNG Holdings"), a holding company for three renewable natural gas project companies (the "Project Companies"), entered into a loan agreement (the "RNG Credit Facility") with HA RNG Lender LLC, an affiliate of Hannon Armstrong Sustainable Infrastructure Capital, Inc. The RNG Credit Facility refinanced and increased the available borrowings under a non-recourse credit facility which RNG Holdings and the Project Companies entered into on October 23, 2020, for a principal amount of up to $50 million which was scheduled to expire March 31, 2026 (the "Prior Facility"). The loan is scheduled to mature on October 26, 2037, provides a principal amount of up to $125 million and bears interest at a rate of 6.5% with a residual percentage of distributable cash flows payable after the maturity date of the loan, until the earlier of the lender achieving an 8.25% “IRR” on funds borrowed under the facility, or the facility disch
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