Ameresco updates on SCE battery projects; plans subordinated debt for credit facility

Ameresco, Inc.

Two of three SCE battery storage sites are in final stages of testing.
Engaged advisor to issue subordinated debt to repay outstanding on senior secured credit facility per December 2023 amendment.
Debt raise also supports near-term growth initiatives; no equity issuance planned.
Q4 2023 financial results to be released on February 28, 2024.

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