|
Foresight Solar Fund Ltd on Thursday said it has extended and reduced its revolving credit facility and therefore generated fee savings. The Jersey-registered investor in solar and battery storage assets said the line has been reduced to £100 million from the previous £150 million. The maturity date has been extended by two years to 2028. Foresight Solar Fund said the reduced size of the credit line will result in fee savings of around £1 million over the course of the facility. The terms of the agreement remain the same. An uncommitted accordion facility of up to £75 million is also available for extra liquidity, it added. ‘This flexible capital facility will continue to play a role in the delivery of Foresight Solar’s income and growth strategy, even if no longer as an equity bridge,’ the company said. Shares in Foresight Solar Fund were up 0.7% to 76.31 pence in London on Thursday morning. Copyright 2025 Alliance News Ltd. All Rights Reserved.
|
