German renewable energy company ABO Energy has closed its first syndicated loan agreement worth €240 million (US$279.8 million) to develop and construct more wind, solar and storage projects.

The facility is split evenly across traditional loans, revolving working capital facilities and guarantee lines, with Commerzbank acting as lead arranger and six other banks participating. It will largely refinance existing loans and promissory notes, while providing additional liquidity to support the company’s expanding project pipeline.

 

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