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SDCL Energy Efficiency ups revolver to £145 million, extends maturity
By Marisa Wong
Los Angeles, Sept. 1 – SDCL Energy Efficiency Income Trust plc (SEEIT) announced it recently extended and increased its revolving credit facility to £145 million.
Three new banks, ING, Intesa Sanpaolo and HSBC Bank plc, have been added to the revolver alongside existing lender Investec Bank plc.
SEEIT’s subsidiary, SEEIT Holdco Ltd., is the borrower, and the parent company is a guarantor.
The new expiry date is June 30, 2024.
The revolver also includes an uncommitted accordion of a further £55 million.
The revolver is used for short-term financing of acquisitions.
SEEIT is an energy efficiency sector investment company based in London.
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