Vesper Energy Completes Refinancing, Adds $50 Million Revolving Credit Facility [Yahoo! Finance]
MACQUARIE GROUP LTD S/ADR (MQBKY)
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Source: Yahoo! Finance
Facility") with Macquarie Group ("Macquarie") and ICBC Standard Bank Plc ("ICBCS"). The facility, led and arranged by Macquarie's Commodities and Global Markets business, now includes a new $50 million revolving credit component designed to support Vesper Energy's growth and provide operational flexibility in developing renewable energy projects. In addition to providing letters of credit to support financial security requirements under off-take and interconnection agreements, the two-year renewed facility will allow Vesper Energy to fund essential development needs across various categories, including equipment procurement, real estate acquisitions, and security deposits. This enhancement will help Vesper further fund and advance its development portfolio. "The newly enhanced credit facility underscores our commitment to advancing Vesper Energy's development portfolio while creating significant value for our investors," said Mark Rostafin , Co-CEO at Vesper Energy. "The support f
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