Ameresco (AMRC) said late Monday a subsidiary executed a note purchase deal and a private shelf agreement to fund its energy infrastructure projects.
The first note purchase provides for the issuance of $78 million Series A notes due 2045 to finance a battery energy storage asset under construction, the company said.
The arrangement with CounterpointeSRE and Barings includes an issuance of second series of notes, an uncommitted $300 million shelf facility and a tax credit purchase agreement for future energy assets, Ameresco said.