JLEN has signed a new three-year facilities agreement that provides for a committed multicurrency revolving credit facility (RCF) of GBP 170 million (US$ 240 million) and an uncommitted accordion facility of up to GBP 30 million (US$ 42.42 million).

The RCF provides an increased source of flexible funding, with both Sterling and Euro drawdowns available at lower rates than the existing facility. The agreement includes an uncommitted option to extend for a further year and will be used to make future acquisitions of environmental infrastructure projects to add to JLEN's current portfolio, as well as cover any working capital requirements.

The interest charged in respect of the renewed RCF is linked to the Company's ESG performance, with JLEN incurring a premium or discount to its margin and commitment fee based on performance against defined targets. Those targets include:

• Environmental: increase in the volume of clean energy produced;
• Social: the value of contributions to community funds;
• Governance: maintaining a low number of work-related accidents, as defined under the Reporting of Injuries, Diseases and Dangerous Occurrences ('RIDDORS') by the Health and Safety Executive.

Lenders to the facility are three of the four existing lenders (HSBC, ING, and NIBC) plus two new lenders (National Australia Bank and Royal Bank of Scotland International).