Octopus Renewables Infrastructure Trust Plc ( (GB:ORIT) ) has shared an announcement.
Octopus Renewables Infrastructure Trust has secured a new £100 million five-year term loan facility with Santander, National Australia Bank, and Allied Irish Banks. This facility, secured against UK wind and solar assets, will reduce the company’s existing Revolving Credit Facility debt and lower interest costs from 6.5% to 5.3%. The move reflects ORIT’s strategy to reduce debt costs and enhance shareholder value, while also working to extend and reduce the size of its current credit commitments.
More about Octopus Renewables Infrastructure Trust Plc
Octopus Renewables Infrastructure Trust (ORIT) is a London-listed investment company focused on providing sustainable income returns and capital growth by investing in renewable energy assets across Europe and Australia. As an impact fund, it supports the transition to net zero and contributes to UN Sustainable Development Goals. Its investment manager, Octopus Energy Generation, manages approximately £6.7 billion of assets across 19 countries, generating green energy to power 2.6 million homes annually.
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