Abengoa Yield Plc (NASDAQ:ABY) said on Monday it has expanded by USD 290 million (EUR 266.4m) its existing USD-125-million credit line.
The company, a yieldco unit of Spanish engineering and renewables firm Abengoa SA (BME:ABG), said in a statement that the expanded facility will help it complete new acquisitions and deliver accretive growth to its stockholders.
Bank of America served as global coordinator and joint bookrunner. HSBC, Banco Santander, Citigroup, RBC, Barclays and UBS acted as joint bookrunners too.
Abengoa Yield owns a diversified portfolio of contracted energy assets including a number of photovoltaic (PV) and concentrating solar power (CSP) plants.