Scatec gets $90 million ESG-linked revolver, $75 million bank loan

By Sarah Lizee

Olympia, Wash., March 26 – Scatec Solar signed a new $90 million three-year ESG-linked revolving credit facility and a $75 million 18-month bank facility, according to a news release.

The banking consortium consists of BNP Paribas, Nordea Bank and Swedbank.

The new revolver refinanced the company’s existing revolver.

The average interest rate margin for the two bank facilities is 280 basis points compared to 325 bps for the previous revolver.

Scatec Solar is an integrated independent power producer based in Oslo.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.