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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Bank Syndicate Upsizes, Extends Ameresco’s Corporate Senior Credit Facility
Wednesday, January 29, 2025
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Lenders/Participants
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Bank of America [Lender]
KeyBank [Lender]
Cooperative Rabobank U.A. [Lender]
Webster Bank [Lender]
HSBC Bank USA [Lender]
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Structure
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$225MM Revolving Credit Facility; $100MM Term Loan
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Amount
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$325.000
Million
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Borrower(s)
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Ameresco
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Description
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The new credit agreement replaces and extends Ameresco’s existing credit agreement and provides up to $50M in additional liquidity through an expanded revolver and term loan. The refinanced facilities include a $225 million revolving credit facility and a $100 million term loan, both maturing on December 28, 2028. Overall, the refinanced credit facilities offer increased financial flexibility for Ameresco at the same interest rate spreads as the prior agreement. The proceeds from the refinanced credit facilities are expected to be used for a range of general corporate purposes. These might include facilitating permitted acquisitions, refinancing existing corporate indebtedness, and addressing working capital requirements. The obligations under the new credit agreement are guaranteed by certain wholly owned domestic subsidiaries and are secured by a pledge of the Company’s and subsidiary guarantors’ assets.
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Industry
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Energy
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Location
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MA
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| Related Tags |
Ameresco, Bank of America, Cooperative Rabobank, KeyBank, New York Branch, Webster Bank
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ABL Advisor
Deal Tables
2025
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