Foresight secures Oz solar refinancing

• A$ 60m in total amount in the bank for Oakey 1 and also Longreach solar projects

Foresight Solar has actually reached final authorization for a A$ 60m refinancing of a solar portfolio in Australia.

The developer has actually secured a term facility of approximately A$ 59M plus a debt solution get facility of roughly A$ 1m from ANZ as well as Deutsche Bank.

The debt covers the Oakey 1 and also Longreach solar ranch portfolio.

Foresight Solar watches the pricing of the refinancing to be enhanced from the current financing. The Portfolio will mainly be hedged as much as one decade.

Following this purchase and also in addition to the Lorca refinance revealed on 29 March 2022, the Company's total amount outstanding debt is around ₤ 534m, representing 45.6% of Gross Asset Value ("GAV") of the company as well as its subsidiaries based upon the Company's 31 December 2021 GAV of ₤ 1,172.0 million.