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Ecofin’s RNEW Capital extends KeyBank revolver by 12 months
By Marisa Wong
Los Angeles, June 27 – Ecofin U.S. Renewables Infrastructure Trust plc announced that wholly owned subsidiary RNEW Capital, LLC has completed an amendment and extension of its $65 million revolving credit facility with KeyBank, according to a news release.
The revolver, which comprises two tranches, has now been extended by 12 months.
The $50 million tranche has been extended to October 2024 with a rate of SOFR plus 200 basis points to Oct. 18, 2023 and SOFR plus 212.5 bps thereafter, and the $15 million tranche was extended to October 2025 with a rate of SOFR plus 225 bps to Oct. 18, 2023 and SOFR plus 237.5 bps thereafter.
Ecofin is a London-based sustainable investment firm with a portfolio of mixed renewable energy and sustainable infrastructure assets.
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