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News: NEW New Energy Solar Says Unit Has Closed On A US$23 Mln Senior Secured Term Loan With...

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    15/05/19
    16:20
    Post #: 38579416

    May 15 (Reuters) - New Energy Solar Ltd (NEW) :

    • UNIT HAS CLOSED ON A US$23 MILLION SENIOR SECURED TERM LOAN WITH KEYBANK N.A AND $1.6 MILLION OF ASSOCIATED CREDIT SUPPORT
    • NEW HAS HEDGED UNDERLYING LIBOR RATE FOR FULL DURATION OF LOAN TO FIX INTEREST RATE AT AN AVERAGE OF 4.1%
    • PROCEEDS TO REPAY CO'S US$ CORPORATE REVOLVING CREDIT FACILITY AND IMPROVE COST, TENOR, DIVERSITY OF CO'S CAPITAL STRUCTURE

    Source text: bit.ly/2LIRJl2

    (([email protected];))

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