secwatch.observer — SEC 8-K summary
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Issuer:     Ameresco, Inc. (AMRC)
CIK:        0001488139
Form:       8-K
Filed at:   2023-08-24T23:59:59+00:00
Accession:  0001488139-23-000130
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1488139/000148813923000130/0001488139-23-000130-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1488139/000148813923000130/amrc-20230818.htm
  HTML page:      https://secwatch.observer/filing/0001488139-23-000130

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