8th Jun 2022 16:39
Aquila European Renewables Income Fund PLC - Hamburg-based investor in renewable energy infrastructure in Europe, advised by Aquila Capital Investment GmbH - Increases existing revolving credit facility limit to EUR100 million from EUR40 million, and RCF maturity date is also extended to April 2024 from April 2023. The bank group is unchanged, consisting of ING Bank NV and Royal Bank of Scotland International Ltd. With the increased RCF limit, as well as its existing cash on-hand, AERIF has surplus capital of around EUR40 million.
Michael Anderson, senior manager at Aquila Capital: "We believe the commitment from ING and RBSI is a strong endorsement of the quality of the company's existing portfolio and investment strategy, as well as the broader relationship."
Current stock price: 86.87 pence
12-month change: down 7.6%
By Elizabeth Winter; [email protected]
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