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IN BRIEF: JLEN Environmental pens one-year extension to loan facility

3rd Apr 2023 10:07

JLEN Environmental Assets Group Ltd - invests in environmental infrastructure - Signs one-year extension to GBP170 million revolving credit facility and also activates GBP30 million accordion facility. Move allows firm to "pursue its pipeline of attractive environmental infrastructure opportunities". Extended facility matures in May 2025. Interest is still environmental, social, and corporate governance performance-linked, with margins ranging between 195 basis points and 205 basis points above the sterling overnight index average interest rate benchmark.

Facility's lenders are HSBC, ING, National Australia Bank, Royal Bank of Scotland and Clydesdale Bank. The latter is a new lender to the facility.

Current stock price: 119.52 pence

12-month change: up 6.7%

By Eric Cunha, Alliance News news editor

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