Baseload Capital Sweden AB Secures €25 Million Debt Facility to Finance Geothermal Projects
Baseload Capital Sweden AB (“Baseload”) is pleased to announce that it has signed a €25 million convertible term facility agreement (the “Facility”) with SDCL Energy Efficiency Income Trust plc (“SEEIT”). The Facility will be used to re-finance Baseload’s operational assets and assets in construction or late-stage development as well as to finance future pipeline projects. The Facility can be utilized during the availability period and has a 10-year tenor after each draw down. The funding is eligible when the bond is redeemed. Alexander Helling, the CEO of Baseload Capital says,