{"id":380231,"date":"2020-11-12T16:08:13","date_gmt":"2020-11-12T21:08:13","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=380231"},"modified":"2020-11-12T16:08:13","modified_gmt":"2020-11-12T21:08:13","slug":"ameresco-secures-up-to-30m-construction-loan-facility-with-fifth-third-bank","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ameresco-secures-up-to-30m-construction-loan-facility-with-fifth-third-bank\/","title":{"rendered":"Ameresco Secures Up to $30M Construction Loan Facility with Fifth Third Bank"},"content":{"rendered":"

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Ameresco Secures Up to $30M Construction Loan Facility with Fifth Third Bank<\/b><\/p>\n

Banking and financial services company collaborates with Ameresco to install renewable energy assets and accelerate the transition to a low-carbon economy<\/i><\/p>\n

FRAMINGHAM, Mass.–(BUSINESS WIRE<\/a>)–Ameresco, Inc.<\/a>, (NYSE: AMRC), a leading energy efficiency and renewable energy company, today announced it has closed a construction loan facility for up to $30 million to finance solar projects and assets.\n<\/p>\n

\nThe financing was secured through a construction loan facility from Fifth Third Bank, National Association. This non-recourse facility allows Ameresco to draw loan proceeds for solar projects in construction as a bridge to their permanent financing or sale upon commercial operation.\n<\/p>\n

\n\u201cThis innovative facility represents a flexible source of construction capital for our solar assets,\u201d said Doran Hole, chief financial officer of Ameresco. \u201cFifth Third has demonstrated its continued confidence in renewables and Ameresco\u2019s ability to move projects forward despite challenging times.\u201d\n<\/p>\n

\n\u201cThis financing highlights the continued growth of the solar market, and Fifth Third\u2019s commitment to the renewable energy industry,\u201d said Eric Cohen, group head of Renewable Energy Finance at Fifth Third Bank, N.A. \u201cAs a financer in the industry since 2012, Fifth Third is proud to help clients across the country access capital and achieve their objectives.\u201d\n<\/p>\n

\nTo learn more about the solar energy solutions Ameresco offers, visit www.ameresco.com\/solution-solar-power\/<\/a>.\n<\/p>\n

About Ameresco, Inc.<\/b><\/p>\n

\nFounded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading independent provider of comprehensive services, energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions for businesses and organizations throughout North America and Europe. Ameresco\u2019s sustainability services include upgrades to a facility\u2019s energy infrastructure and the development, construction and operation of renewable energy plants. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA, Ameresco has more than 1,000 employees providing local expertise in the United States, Canada, and the United Kingdom. For more information, visit www.ameresco.com<\/a>.\n<\/p>\n

The announcement of the entry into a construction loan facility is not necessarily indicative of future availability of borrowings under such facility or of trends in the company\u2019s overall access to financing. This facility was reflected in the company\u2019s financial statements as of and for the period ended September 30, 2020.<\/i><\/p>\n

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View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20201112006011\/en\/<\/a><\/span><\/p>\n

\nAmeresco: Leila Dillon, 508-661-2264, news@ameresco.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America Massachusetts<\/p>\n

INDUSTRY KEYWORDS:<\/b> Environment Commercial Building & Real Estate Construction & Property Finance Banking Professional Services Building Systems Alternative Energy Energy Residential Building & Real Estate<\/p>\n

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Ameresco Secures Up to $30M Construction Loan Facility with Fifth Third Bank Banking and financial services company collaborates with Ameresco to install renewable energy assets and accelerate the transition to a low-carbon economy FRAMINGHAM, Mass.–(BUSINESS WIRE)–Ameresco, Inc., (NYSE: AMRC), a leading energy efficiency and renewable energy company, today announced it has closed a construction loan facility for up to $30 million to finance solar projects and assets. The financing was secured through a construction loan facility from Fifth Third Bank, National Association. This non-recourse facility allows Ameresco to draw loan proceeds for solar projects in construction as a bridge to their permanent financing or sale upon commercial operation. \u201cThis innovative facility represents a flexible source of construction capital for our … <\/p>\n

Continue reading “Ameresco Secures Up to $30M Construction Loan Facility with Fifth Third Bank”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-380231","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nAmeresco Secures Up to $30M Construction Loan Facility with Fifth Third Bank - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ameresco-secures-up-to-30m-construction-loan-facility-with-fifth-third-bank\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ameresco Secures Up to $30M Construction Loan Facility with Fifth Third Bank - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Ameresco Secures Up to $30M Construction Loan Facility with Fifth Third Bank Banking and financial services company collaborates with Ameresco to install renewable energy assets and accelerate the transition to a low-carbon economy FRAMINGHAM, Mass.–(BUSINESS WIRE)–Ameresco, Inc., (NYSE: AMRC), a leading energy efficiency and renewable energy company, today announced it has closed a construction loan facility for up to $30 million to finance solar projects and assets. The financing was secured through a construction loan facility from Fifth Third Bank, National Association. 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