Foresight Environmental Infrastructure (LSE:FGEN), which owns environmental infrastructure assets across the UK and mainland Europe, has signed a one-year extension to its existing £150 million revolving credit facility and activated a £15 million accordion, expanding its committed liquidity.
The company is £123.2 million drawn on the RCF and said the additional capacity provides greater headroom to continue funding existing commitments and the development of its diversified environmental infrastructure portfolio, a move framed as supportive of its aim to deliver sustainable, progressive dividends, paid quarterly, the company said.
The extended facility now matures in June 2028 and retains interest margins tied to the company's ESG performance, with margins ranging between 205 basis points and 215 basis points over SONIA for sterling borrowings and over Euribor for euro borrowings.
Foresight reiterates a target dividend for the year to 31 March of 7.96p per share, paid quarterly, and notes this is a target only and not a profit forecast.
