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Bluefield Solar Income Fund Ltd on Friday said it has extended and reduced its revolving credit facility as part of an effort to reduce its short-term debt. The London-based fund invests in solar energy assets. It said the line has been reduced to £150 million from the previous £210 million. The maturity date has been extended by two years to May 2027. Bluefield Solar Income Fund said it is focused on reducing its short term debt while managing its development pipeline. The firm has repaid £50.5 million of the facility in the current financial year to the end of June, with £133.5 million currently drawn. The facility also has an uncommitted accordion feature which allows it to be increased by up to £30 million. The margin for the revolving credit facility is now 1.85%, a reduction from the previous margin of 1.90%. Bluefield Solar said the reduced commitment and improved margin means it will benefit from £1 million of savings over the two year extension period. Shares in Bluefield Solar Income Fund were up 0.4% to 92.60 pence in London on Friday morning. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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