Ameresco has closed a US$300m senior secured loan facility with HASI, a leading investor in climate solutions, to fund development and construction activity for clean energy assets.
Additionally, Ameresco has 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.
Doran Hole, executive vice president and chief financial officer at Ameresco, said: “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.
“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.”
Susan Nickey, chief client officer at HASI added: “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.
“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.”