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Drop in pre-tax profits for TRIG
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Investegate | Company News | Corporate, London Stock Exchange, Regulatory News Headlines Renewables Infrastructure Group forecasts flat dividend for 2021
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The Renewables Infrastructure Group (TRIG) has refinanced and expanded its revolving credit facility to £500m (€408m) to support its investment in new renewable energy projects.
The facility, which is used by the company for short-term financing of acquisitions, has been made available to TRIG for a three-year term and is currently undrawn.
The larger size reflects the increased scale of acquisitions being made by the company, TRIG said.
The lenders include existing financiers National Australia Bank, Royal Bank of Scotland International and ING and three new participants Sumitomo Mitsui Banking Corporation, Barclays and Santander.
InfraRed Capital Partners director of infrastructure Richard Crawford said: “This expanded loan facility will allow us to take full advantage of our promising pipeline and provide even more clean energy to more homes across our core markets.
Renewables Infrastructure Secures GBP500 Million ESG-Linked Facility
Fri, 18th Dec 2020 09:49
(Alliance News) - Renewables Infrastructure Group Ltd on Friday announced that it has refinanced and expanded its revolving credit facility at lower rates to support investments in renewable energy projects.
The GBP500 million facility is available to the investment firm for a three-year term, and the interest will be charged in respect of the renewed facility is linked to the company s Environmental, Social and Governance performance.
Performance targets include an increase in the number of homes powered by clean energy from Renewables Infrastructure s portfolio, a rise in the number of community funds supported, and the maintenance of a low Lost Time Accident Frequency Rate.