Bluefield Solar Income raises £150m following strong demand – Bluefield Solar Income (BSIF) has raised £150m through the issue of 115,384,615 New Ordinary Shares following strong demand from both new and existing investors. The New Ordinary Shares represent approximately 23% of the issued Ordinary Share capital of the company prior to the issue.
Proceeds will be used to pay down the trust’s Revolving Credit Facility, which as at 10 May 2022 was fully drawn, following the recent purchase of its largest portfolio acquisition to date.
BSIF’s chair said: “We are delighted with the strong demand seen for this Placing and Offer for Subscription. In recognition of the positive outlook for the investment strategy, we are pleased that the Company’s issue resulted in strong demand both from existing and new institutional investors as well as the robust retail investor demand. I would like to thank existing investors for their support and welcome new investors to the Company.
“Given the increasing focus on meeting national targets for renewable infrastructure generation and having recently completed the Company’s largest portfolio acquisition to date, I believe the current outlook presents the most compelling environment for the Company’s strategy since inception and we look forward to updating shareholders further on a new pipeline of potential acquisition opportunities.”
BSIF : Bluefield Solar Income raises £150m following strong demand