Abengoa Yield closes $125 million four-year facility via five banks

By Marisa Wong

Madison, Wis., Dec. 4 – Abengoa Yield plc announced it closed a bank credit facility consisting of a four-year $125 million bullet facility signed with a syndicate of five banks comprised of HSBC, BofA Merrill Lynch, Citi, RBC and Santander.

The facility bears interest at Libor plus 275 basis points, according to a 6-K filing with the Securities and Exchange Commission.

Abengoa Yield is a Brentford, England-based sustainable total return company that owns a diversified portfolio of contracted assets in the energy and environment sectors.

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