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Ameresco (AMRC) has provided an update.
Ameresco, Inc. secured a $100 million term loan through a Second Lien Credit Agreement, using the proceeds to repay and reduce existing debts under its Senior Secured Credit Agreement. The company amended the covenants of the initial agreement to accommodate this new credit arrangement, which includes a variable interest rate based on the Base Rate or SOFR plus a margin, with the loan maturing on June 28, 2029. Ameresco’s obligations are guaranteed by some of its subsidiaries and are subject to financial covenants, with the potential for acceleration of payment if defaults occur.
For an in-depth examination of AMRC stock, go to TipRanks’ Stock Analysis page.
