By Josh White
Date: Tuesday 27 Sep 2016
LONDON (ShareCast) - (ShareCast News) - Bluefield Solar Income Fund announced the financial close of a £187m long-term debt facility and a £30m short-term revolving credit facility on Tuesday.
The AIM-traded firm said the facilities will fully refinance the short-term £200m amended and restated facility agreement with the Royal Bank of Scotland plc and Investec Bank, which closed on 22 January.
"The Long-Term Facility will be provided by Aviva Investors in two tranches," Bluefield's board said.
"The first is a £125m fixed-rate long-term facility and second is £62m index-linked long-term facility."
Bluefield said both are fully amortising over 18 years, which matches the average remaining life of the company's regulated revenues.
"The long-term facility is held by the company's wholly-owned subsidiary, Bluefield SIF Investments, which maximises transparency, offers improved portfolio management flexibility and reduces costs compared to using project-level debt."
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Currency | UK Pounds |
Share Price | 106.60p |
Change Today | 0.000p |
% Change | 0.00 % |
52 Week High | 138.20 |
52 Week Low | 98.40 |
Volume | 4,366 |
Shares Issued | 309.42m |
Market Cap | £329.84m |
Strong Buy | 1 |
Buy | 2 |
Neutral | 1 |
Sell | 1 |
Strong Sell | 0 |
Total | 5 |
Time | Volume / Share Price |
16:26 | 1,050 @ 106.60p |
16:26 | 80 @ 106.60p |
14:50 | 1 @ 106.60p |
13:40 | 1,470 @ 105.60p |
10:28 | 1 @ 105.40p |
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