Ameresco, Inc. (AMRC): debt financing — Ameresco amends credit facility, extends delayed draw term loan maturity to Aug 2024

Ameresco, Inc.

Remaining $35M delayed draw term loan A due in installments: $5M paid at closing, $7.5M each on May 15, June 15, July 15, Aug 15, 2024.
Covenant to raise $100M in equity/sub-debt extended from Apr 15 to May 15, 2024; company working with investment bank on subordinated debt.
Applicable Rate set to Pricing Level 1 until delayed draw term loans are repaid.
Company must provide weekly liquidity forecasts until delayed draw facility is paid in full.
Term A loan maturity unchanged at Mar 4, 2025; revolving facility maturity also Mar 4, 2025.

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 remaining $35 million principal amount with Bank of America, N.A. maturing August 15, 2024.

Instrument: credit facility
Principal: remaining $35 million principal amount
Counterparty: Bank of America, N.A.
Maturity: August 15, 2024
Event: amendment

Exact text from the filing

The Amendment extends the maturity date of the remaining $35 million principal amount of the original $220 million delayed draw term loan A, such that $5.0 million was paid in connection with the execution of the amendment and $7.5 million is due on each of May 15, 2024, June 15, 2024, July, 2024, and August 15, 2024.

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Ameresco, Inc. filing history →

Source: SEC EDGAR

accession 0001488139-24-000058

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