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QuotedData’s other news 5 August 2019

In QuotedData’s other news 5 August 2019

  • Chenavari Toro’s tender offer for 5% of its shares was not taken up in full – just 2.9% of shares were tendered validly – the company will shrink by just under €8m.
  • Foresight Solar has refinanced 312MW of solar farms with a GBP170 million term loan facility, a GBP65 million revolving credit facility (“RCF”) and a GBP10 million debt service reserve facility. The term loan facility will expire in March 2036 and will be provided jointly by Landesbank Hessen-Thüringen Girozentrale and Sumitomo Mitsui Banking Corporation at an all-in annual cost of debt of approximately 2.3%. The RCF has a three-year term and will be provided by National Westminster Bank. Following this transaction, total outstanding debt is GBP511.3 million, or 46% of Gross Asset Value (excluding revolving credit facilities it is 37% of Gross Asset Value).
  • Gore Street Energy Storage raised £30.9m from its issue. £25m of this came from Ireland’s NTMA.

 

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