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Ameresco ( (AMRC) ) just unveiled an update.
On January 23, 2025, Ameresco, Inc. announced the refinancing and expansion of its term loan and revolving credit facility through a sixth amended and restated senior secured credit agreement. This agreement replaces the existing credit framework and adds international banking partners to support the company’s growth in Europe. The new facilities include a $225 million revolving credit facility and a $100 million term loan, both maturing in December 2028, providing increased financial flexibility for Ameresco to pursue growth initiatives and strategic objectives. The refinancing underscores lender confidence in Ameresco’s business model and future prospects, with proceeds earmarked for general corporate purposes such as acquisitions, debt refinancing, and working capital requirements.
More about Ameresco
Founded in 2000 and headquartered in Framingham, MA, Ameresco, Inc. is a leading cleantech integrator and renewable energy asset developer, owner, and operator. The company offers solutions for energy efficiency, decarbonization, and energy resiliency, leveraging smart technologies. Ameresco serves various sectors, including federal, state, and local governments, utilities, healthcare, educational institutions, housing authorities, and commercial and industrial customers, with a presence in North America and Europe.
YTD Price Performance: -12.49%
Average Trading Volume: 391,903
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.19B
For detailed information about AMRC stock, go to TipRanks’ Stock Analysis page.
