In QuotedData’s morning briefing 22 June 2022:
- Harmony Energy Income Trust (HEIT) has agreed a debt facility of £60m with NatWest Plc. The five-year facility has an initial margin of 300bps (3%) over SONIA, rising over time to a maximum of 375bps by year five, but is interest-only for the first three years. There is also an uncommitted accordion which could increase the total amount borrowed up to £130m over time. The money will be used to support the acquisition and construction of the first project (a 99 MW / 198 MWh project located in Buckinghamshire known as “Bumpers”), although the company has discretion to allocate the funds to an alternative pipeline project (or projects) if desirable.
We also have results from AEW UK REIT, a trading update from Ecofin US Renewables, and a fundraise by Impact Healthcare REIT