Revolving Credit Facility

RNS Number : 9712R

NextEnergy Solar Fund Limited

18 September 2014

 



18 September 2014

NextEnergy Solar Fund Limited ("NESF")

Revolving Credit Facility

-      NESF announces signing of a revolving credit facility ("RCF") of up to £31.5 million

-      RCF designed to fund additional solar power plant acquisitions

-      NESF has to date deployed in excess of 90% of its IPO proceeds since listing at the end of April 2014

NESF is pleased to announce that it has signed financing documentation for a two-year revolving credit facility of up to £31.5 million which is being provided by Macquarie Bank Limited. 

The RCF will allow NESF to acquire further solar power plants from among its pipeline of opportunities.  NESF is currently undertaking due diligence on twelve projects amounting to c206MW in respect of which it has entered into letters of intent containing exclusivity provisions, and expects to announce acquisitions from among this pipeline shortly.

NextEnergy Capital Limited	020 3714 8948
Michael Bonte-Friedheim
Aldo Beolchini
Cantor Fitzgerald Europe	020 7894 7667
Sue Inglis
Gareth Price
Shore Capital	020 7408 4090
Bidhi Bhoma
Anita Ghanekar
MHP Communications	020 3128 8100
Rupert Trefgarne
Jamie Ricketts

Notes to Editors:

NextEnergy Solar Fund

NextEnergy Solar Fund (www.nextenergysolarfund.com) is a specialist investment fund focused on operational solar photovoltaic ("PV") assets located in the UK.  The Company intends to provide investors with a sustainable and attractive dividend that increases in line with RPI over the long term and an element of capital growth through the re-investment of net cash generated in excess of the target dividend.

Further information on NextEnergy Capital and WiseEnergy is available at www.nextenergycapital.com and www.wise-energy.eu.

 

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