India, May 29 -- Foresight Solar Fund Ltd (FSFL.L) has reduced its revolving credit facility from £150 million to £100 million and extended its maturity to 2028, resulting in an estimated £1 million in fee savings.
The Jersey-based investor in solar and battery storage assets noted that while the terms of the facility remain unchanged, an uncommitted accordion feature of up to £75 million remains available for added liquidity.
The company stated that the flexible credit line will continue to support its income and growth strategy, even if it is no longer used as an equity bridge.
Thursday FSFL.L closed at £$75.5 or 0.40% lower on the LSE.
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