---
schema_version: "secwatch.filing_event.v1"
accession: "0001488139-23-000185"
form_type: "8-K"
ticker: "AMRC"
cik: "0001488139"
company_name: "Ameresco, Inc."
filed_at: "2023-12-12T23:59:59+00:00"
generated_at: "2026-06-07T14:07:18.246033+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; extends delayed draw term loan to Apr 2024, adds $100M financing covenant

## Summary
- Amendment extends $65M delayed draw term loan A maturity to Apr 15, 2024 with $10M repayments on Jan 31, Feb 29, Mar 31, 2024.
- If SCE BESS project not substantially complete by Jan 31, 2024, Ameresco must use best efforts to raise $100M equity or sub-debt by Apr 15, 2024.
- Total Funded Debt to EBITDA covenant tightened: max 3.75x at Dec 31, 2023; 3.50x thereafter.
- At closing, Ameresco paid $25M of term loan principal and a 0.25% fee to term lenders.
- Covenant falls away if term loan repaid and liquidity ≥$75M by Feb 29, 2024; company expects SCE project completion within next month.

## SEC filing metadata
- accession: 0001488139-23-000185
- form_type: 8-K
- ticker: AMRC
- cik: 0001488139
- company_name: Ameresco, Inc.
- filed_at: 2023-12-12T23:59:59+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/1488139/000148813923000185/0001488139-23-000185-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1488139/000148813923000185/amrc-20231211.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001488139-23-000185
- JSON: https://secwatch.observer/filing/0001488139-23-000185.json
- Plain text: https://secwatch.observer/filing/0001488139-23-000185.txt

## Key facts
- Debt Financings
  Ameresco, Inc. amended credit facility of remaining $65 million principal amount of the original $220 million delayed draw term loan A with Bank of America, N.A., as Administrative Agent maturing $10 million is due on each of January 31, 2024, February 29, 2024, and March 31, 2024, and the remaining principal amount is due on April 15, 2024.
  - Instrument: credit facility
  - Principal: remaining $65 million principal amount of the original $220 million delayed draw term loan A
  - Counterparty: Bank of America, N.A., as Administrative Agent
  - Maturity: $10 million is due on each of January 31, 2024, February 29, 2024, and March 31, 2024, and the remaining principal amount is due on April 15, 2024
  - Event: amendment
  source text: the Amendment extends the maturity date of the remaining $65 million principal amount of the original $220 million delayed draw term loan A, such that $10 million is due on each of January 31, 2024, February 29, 2024, and March 31, 2024, and the remaining principal amount is due on April 15, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1488139/000148813923000185/0001488139-23-000185-index.htm

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