US Solar Fund PLC - London-based renewable energy fund focused on utility-scale power plants in North America - Provides update on the proposed refinancing of senior debt facilities. Says the investment manager has reviewed ‘a wide range of options which can achieve the key objectives’ of the proposed financing. Aims to refinance before the release of its 2024 results, expected in April 2025.

Company notes that its objectives for refinancing continue to be: the extension of its amortisation profile of existing debt, the availability of proceeds to support shareholder returns, the robustness of its balance sheet and enhancing the portfolio profile for current and prospective shareholders.

Current share price: 31.14 pence, closed down 4.9% in London on Tuesday

12-month change: down 28%

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