Ameresco, an energy efficiency and renewable energy company, closed a $300 million senior secured loan facility with HASI, an investor in climate solutions, to fund development and construction activity for clean energy assets. Additionally, Ameresco entered into an amendment to the company’s current senior secured credit facility with a group of lenders led by Bank of America. This amendment adjusts the payment schedule for the delayed draw term loan A with final maturity extended to mid-December 2023.
“This substantial facility from HASI will serve as a flexible capital source to support an ever-increasing opportunity set for renewable and resilient asset development as we advance and broaden cleantech solutions for our customers,” Doran Hole, executive vice president and CFO at Ameresco, said. “We are excited to have HASI supporting us on a path to a net zero future, centered on clean and resilient energy solutions. The Construction and Development Loan along with the extension of our delayed draw term loan A facility, demonstrate Ameresco’s strong relationship with financing partners that can provide the capital needed to fund our current and future growth.”
“We are pleased to continue our long-standing partnership with Ameresco and contribute to the ongoing expansion of their business. The enhanced financial capability allowed by this loan reinforces our mutual dedication to accelerating the transition to a clean and reliable energy future,” Susan Nickey, chief client officer of HASI, said. “Through programmatic relationships such as this, we serve as a trusted financial partner that can provide innovative financing solutions to our clients as they realize their ambitions.”
