31st Jan 2017 08:29
LONDON (Alliance News) - NextEnergy Solar Fund Ltd on Tuesday said it has secured a new GBP150.0 million long-term financing facility to refinance its solar portfolio.
NextEnergy said it has signed the loan agreement, maturing in 2035, with Australian lenders Macquarie Infrastructure Debt Investment Solutions, National Australia Bank and Commonwealth Bank of Australia.
The facility comprises a mix of fixed-rate and inflation-linked debt products with a blended total interest cost of 3.32% a year.
The loan is secured by a 241 megawatt portfolio of solar power assets.
NextEnergy shares were untraded on Tuesday morning, having last traded at 110.75 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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