---
schema_version: "secwatch.filing_event.v1"
accession: "0001488139-23-000047"
form_type: "8-K"
ticker: "AMRC"
cik: "0001488139"
company_name: "Ameresco, Inc."
filed_at: "2023-04-24T23:59:59+00:00"
generated_at: "2026-06-16T18:47:56.573693+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Ameresco secures up to $141M construction loan for Hawaii solar+battery project; appoints Charles Patton to board

## Summary
- Kupono Solar, an Ameresco JV subsidiary, entered a $141M construction loan with Fifth Third Bank, drawing ~$91M at closing.
- Loan bears interest at 6.275% (SOFR + spread) and matures by July 2024 or upon sale leaseback completion.
- Project is a combined solar and battery storage facility on Joint Base Pearl Harbor-Hickam, Hawaii.
- Ameresco appointed Charles R. Patton, former AEP EVP External Affairs, to its Board of Directors effective April 20, 2023.
- Bylaws amended to conform with SEC universal proxy rules and enhance stockholder nomination procedures.

## SEC filing metadata
- accession: 0001488139-23-000047
- form_type: 8-K
- ticker: AMRC
- cik: 0001488139
- company_name: Ameresco, Inc.
- filed_at: 2023-04-24T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.03, 5.02, 5.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1488139/000148813923000047/0001488139-23-000047-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1488139/000148813923000047/amrc-20230418.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001488139-23-000047
- JSON: https://secwatch.observer/filing/0001488139-23-000047.json
- Plain text: https://secwatch.observer/filing/0001488139-23-000047.txt

## Key facts
- Debt Financings
  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
  source text: 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").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1488139/000148813923000047/0001488139-23-000047-index.htm
- Executive change
  Charles R. Patton was appointed as Director at Ameresco, Inc..
  - Action: appointed
  - Role: Director
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1488139/000148813923000047/0001488139-23-000047-index.htm
- Governance Changes
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1488139/000148813923000047/0001488139-23-000047-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.