---
schema_version: "secwatch.filing_event.v1"
accession: "0001488139-23-000130"
form_type: "8-K"
ticker: "AMRC"
cik: "0001488139"
company_name: "Ameresco, Inc."
filed_at: "2023-08-24T23:59:59+00:00"
generated_at: "2026-06-11T04:07:07.564379+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Ameresco amends credit facility and secures $300M construction loan from HASI

## Summary
- Amendment extends maturity of $220M delayed draw term loan A; $55M paid now, $45M due Nov 15, 2023, remaining Dec 15, 2023.
- Leverage covenant relaxed: max 4.25x Total Funded Debt/EBITDA for Sep 30, 2023, then 3.50x thereafter.
- Subsidiary AMRC C&D Finance enters $300M construction loan with HASI, draws ~$200M, matures Aug 31, 2026.
- Loan bears interest at 4.0% + greater of 1mo Term SOFR or 10yr Treasury, plus 0.25% unused fee; non-recourse to Ameresco except for project guarantees.

## SEC filing metadata
- accession: 0001488139-23-000130
- form_type: 8-K
- ticker: AMRC
- cik: 0001488139
- company_name: Ameresco, Inc.
- filed_at: 2023-08-24T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1488139/000148813923000130/0001488139-23-000130-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1488139/000148813923000130/amrc-20230818.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001488139-23-000130
- JSON: https://secwatch.observer/filing/0001488139-23-000130.json
- Plain text: https://secwatch.observer/filing/0001488139-23-000130.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1488139/000148813923000130/0001488139-23-000130-index.htm
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1488139/000148813923000130/0001488139-23-000130-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1488139/000148813923000130/0001488139-23-000130-index.htm

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