Ameresco Provides Updates on Southern California Edsion Company
Source: www.gulfoilandgas.com 1/31/2024, Location: North America
Ameresco, Inc., a leading cleantech integrator specializing in energy efficiency and renewable energy, announced that two of the three SCE sites are in final stages of testing. The Company has engaged an advisor to pursue the issuance of subordinated debt to repay outstanding amounts on the senior secured credit facility as required by the Company’s Bank of America term loan and revolving credit facility amendment obligations. The debt raise would also support the Company’s near-term growth initiatives. The Company is not planning on issuing equity to meet these requirements.
The Company is releasing Q4 2023 financial results on February 28th.
