Abengoa Yield increases credit facility with $290 million revolver

By Tali Rackner

Norfolk, Va., July 20 – Abengoa Yield increased its existing credit facility with a revolver tranche B for an additional amount of $290 million, increasing the authorized borrowing capacity to $75 million from $35 million, according to a press release.

The total amount under the facility was raised to $415 million from $125 million.

Bank of America NA is the global coordinator and joint bookrunner, HSBC is an agent and joint bookrunner and Banco Santander, Citigroup Global Markets Inc., RBC Capital Markets LLC, Barclays and UBS Securities LLC are joint bookrunners.

Proceeds will be used to finance future acquisitions and for general corporate purposes.

Seville, Spain-based Abengoa is an industrial and technology group.

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