Octopus Renewables Infrastructure Trust Plc ( (GB:ORIT) ) has shared an update.
Octopus Renewables Infrastructure Trust plc has extended the term of its Revolving Credit Facility (RCF) to June 2028 and reduced its size from £270.8 million to £150 million, resulting in annual cost savings of approximately £850,000. This strategic financial adjustment aligns with the company’s capital allocation update and reflects its commitment to efficient capital management, potentially enhancing its financial stability and operational flexibility in the renewable energy sector.
More about Octopus Renewables Infrastructure Trust Plc
Octopus Renewables Infrastructure Trust (ORIT) is a London-listed, closed-ended investment company focusing on providing investors with sustainable income returns and capital growth by investing in a diversified portfolio of renewable energy assets in Europe and Australia. As an impact fund, ORIT supports the transition to net zero and contributes to UN Sustainable Development Goals. Its investment manager, Octopus Energy Generation, manages approximately £6.8 billion in assets across 18 countries, generating green energy to power 2.6 million homes annually.
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