Greencoat UK draws debt for wind farm buy
Greencoat UK Wind, the renewable energy infrastructure fund, has agreed to buy an 18.8MW wind farm for £51m, using debt facilities.
Greencoat is buying the Slieve Divena II wind farm in Northern Ireland from SSE Renewables.
The acquisitive company plans to use an acquisition facility plus £24m of cash. NatWest, RBC Capital Markets and Santander provided the facility as bookrunners.After the acquisition, Greencoat's total drawn bank debt will come to ...
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