Octopus Renewables Infrastructure Trust Extends and Reduces RCF
Why we think this is neutral
The RNS announcement does not contain any of the mandatory news types that would require a more detailed analysis. It simply outlines the extension and reduction of the company's revolving credit facility, which is a routine operational update.
Key Points
- RCF term extended to June 2028
- RCF size reduced from £270.8 million to £150 million
- Cost savings of c.£850,000 per annum achieved
Summary
The renewable energy infrastructure company has extended the term of its revolving credit facility and reduced its size, resulting in cost savings.
Octopus Renewables Infrastructure Trust (ORIT) has extended the term of its Revolving Credit Facility (RCF) from February 2026 to June 2028 and significantly reduced the size of the Facility from £270.8 million to £150 million. This will result in a cost saving of approximately £850,000 per year.
GENERAL UPDATE