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8-K filed April 24, 2023, 7:59 PM ET ticker AMRC CIK 0001488139
debt confidence high sentiment positive materiality 0.70

Ameresco, Inc. (AMRC): debt financing — Ameresco secures up to $141M construction loan for Hawaii solar+battery project; appoints Charles Patton to board

Ameresco, Inc.

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Charles R. Patton

Director
AMRC · Ameresco, Inc.
Effective
2023-04-20
Filed
April 24, 2023, 7:59 PM ET
On April 19, 2023, the board of directors unanimously approved the appointment of Charles R. Patton as a class I director of the A meresco, Inc. (the “Company”).

Key facts

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 approximately $141 million with Fifth Third Bank, National Association and First Horizon Bank at daily simple SOFR rate plus a spread adjustment plus an applicable margin, with maturing earlier of (i) eighty-nine (89) days after the Project has been placed in service for federal income tax purposes, (ii) the date on which Kupono Solar receives.

Instrument
credit facility
Principal
up to approximately $141 million
Counterparty
Fifth Third Bank, National Association and First Horizon Bank
Rate
daily simple SOFR rate plus a spread adjustment plus an applicable margin, with
Maturity
earlier of (i) eighty-nine (89) days after the Project has been placed in service for federal income tax purposes, (ii) the date on which Kupono Solar receives
Event
incurrence
Exact text from the filing
On April 18, 2023, Kupono Solar, LLC ("Kupono Solar") entered into a loan agreement for a principal amount of up to approximately $141 million (the "Kupono Construction Loan") with Fifth Third Bank, National Association ("Fifth Third"), as administrative agent ("Administrative Agent") and Fifth Third and First Horizon Bank, as lenders (the "Lenders").
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Charles R. Patton was appointed as Director at Ameresco, Inc..

Action
appointed
Role
Director
Exact text from the filing
On April 19, 2023, the board of directors unanimously approved the appointment of Charles R. Patton as a class I director of the A meresco, Inc. (the “Company”).
View on SEC.gov
Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Ameresco, Inc.: The Board approved an amendment and restatement of the Amended and Restated Bylaws, including eliminating the requirement to make stockholder list available during meeting, addressing adjournment due to technical failure, and revising procedural mechanics for stockholder nominations and proposals un (effective 2023-04-19).

Change
bylaw amendment
Effective
2023-04-19
Exact text from the filing
On April 19, 2023, the board of directors (the “Board”) of Ameresco, Inc. (the “Company”) approved an amendment and restatement of the Company’s Amended and Restated Bylaws (as so amended and restated, the “Second Amended and Restated Bylaws”), effective immediately.
View on SEC.gov

102 debt financings filed in the last 30 days. Browse all debt financings →

Ameresco, Inc. filing history →

Source: SEC EDGAR
accession 0001488139-23-000047
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