Bluefield Solar draws and grows revolver for Bradenstoke Solar Park acquisition
Bluefield Solar, the UK solar investment fund, has financed an £89m acquisition of a 70 MW plant using a revolving credit facility, with the borrower also amending terms on the bank debt.
Bluefield has bought Bradenstoke Solar Park in Wiltshire, UK, from British Solar Renewables.
The acquisition will be financed using Bluefield’s existing revolving credit facility. Funds such as Bluefield regularly take on revolvers that are drawn solely for acquisitions.However, Bluefield has also activated an accordion mechanism on the credit facility ...