secwatch / observer
8-K filed August 24, 2023, 7:59 PM ET ticker AMRC CIK 0001488139
debt confidence high sentiment neutral materiality 0.70

Ameresco, Inc. (AMRC): debt financing — Ameresco amends credit facility and secures $300M construction loan from HASI

Ameresco, Inc.

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. amended credit facility of such that after paying $55 million in connection with the Amendment, $45 million is due November 15, 2023, and the remai with Bank of America, N.A. maturing December 15, 2023.

Instrument
credit facility
Principal
such that after paying $55 million in connection with the Amendment, $45 million is due November 15, 2023, and the remai
Counterparty
Bank of America, N.A.
Maturity
December 15, 2023
Event
amendment
Exact text from the filing
Among other things, the Amendment extends the maturity date of the $220 million delayed draw term loan A, such that after paying $55 million in connection with the Amendment, $45 million is due November 15, 2023, and the remaining principal amount is due December 15, 2023.
View on SEC.gov
Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Ameresco, Inc. incurred loan of up to $300 million with HASI C&D Lender LLC at 4.0% plus the greater of (i) Term SOFR for a one-month tenor and (ii) the 10-yea maturing August 31, 2026.

Instrument
loan
Principal
up to $300 million
Counterparty
HASI C&D Lender LLC
Rate
4.0% plus the greater of (i) Term SOFR for a one-month tenor and (ii) the 10-yea
Maturity
August 31, 2026
Event
incurrence
Exact text from the filing
project companies (the “Project Companies”), which own various renewable energy projects (the “Projects”). The Loan Agreement provides a loan in a principal amount of up to $300 million, to finance development and construction costs of the Projects on a portfolio basis. The loan matures on August 31, 2026, with a one-year extension option that can be exercised
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Ameresco, Inc. entered into Loan Agreement with HASI C&D Lender LLC, an affiliate of Hannon Armstrong Sustainable Infrastructure Capital, Inc. valued at up to $300 million (effective 2023-08-18).

Action
entry
Agreement
credit facility
Counterparty
HASI C&D Lender LLC, an affiliate of Hannon Armstrong Sustainable Infrastructure Capital, Inc.
Value
up to $300 million
Effective
2023-08-18
Exact text from the filing
On August 18, 2023, one of Ameresco’s subsidiaries, AMRC C&D Finance LLC (“AMRC C&D”) entered into a construction and development loan agreement (the “Loan Agreement”) with HASI C&D Lender LLC, an affiliate of Hannon Armstrong Sustainable Infrastructure Capital, Inc.
View on SEC.gov

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Ameresco, Inc. filing history →

Source: SEC EDGAR
accession 0001488139-23-000130
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