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NextEnergy Solar Fund extends credit facilities

19 May 2016 09:35

NextEnergy Solar Fund confirms it has increased its revolving-credit facility with Macquarie Bank and Santander from GBP100m to GBP120m. The new facility of GBP20m matures in May 2017 with NESF's option to extend to November 2017.

The increased facility will provide flexibility to NESF to acquire further solar power plants from its pipeline of opportunities.

The Company also has options to extend GBP31.5 million of the pre-existing RCF of GBP100 million from September 2016 to March 2017 and the remainder of GBP68.5 million from December 2016 to May 2017.

At 9:35am: (LON:NESF) Nextenergy Solar Fund Ltd share price was +0.5p at 97.5p

Story provided by StockMarketWire.com

Related Company: NESF

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