Ameresco Taps $44.8M Investment From Prudential Private Capital

Prudential Private Capital, part of Prudential Financial, Inc. PRU, invests $44.8 million in Ameresco, Inc's AMRC Ameresco PV Holdings X LLC.
Prudential Private Capital provided $40.7 million of senior secured fixed-rate notes, $4.1 million of the second lien floating rate notes, and an undrawn Pru-Shelf facility with $60.0 million capacity to Ameresco PV Holdings X LLC.
Ameresco PV Holdings X LLC owns 14 operating solar project companies that own projects at 27 different locations across the U.S.
"This significant financing extends our ability to diversify and expand our portfolio of solar assets throughout North America," said Doran Hole, CFO of Ameresco.
Price Action: AMRC shares are trading higher by 3.29% at $60.03 on the last check Thursday.