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Foresight Solar Fund long-term refinancing

01 April 2016 07:56

Foresight Solar Fund Limited has reached financial close on a GBP160 million long-term debt facility. This will wholly refinance the company's GBP150 million short-term acquisition facility currently in place.

The long-term facility will be provided by Macquarie Infrastructure Debt Investment Solutions and Abbey National Treasury Services.

The company has also entered into a new, short-term revolving acquisition facility with Santander.

And the company has finalised an agreement with a single provider to enter into a 5-year Power Purchase Agreement for 15 of the 16 assets in the portfolio following a wide portfolio tender process.

Story provided by StockMarketWire.com

Related Company: FSFL

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