29 May 2025

Foresight Solar Fund Limited

("Foresight Solar", "FSFL" or the "Company")

Revolving credit facility extended, resized

Foresight Solar, the fund investing in solar and battery storage assets to build income and growth, announces it has extended and reduced its revolving credit facility (RCF).

The multicurrency line has been resized to £100 million from the previous £150 million and the maturity date has been extended by two years to 2028. The lower commitment will result in fee savings of approximately £1 million over the course of the facility.

The terms remain the same, with a margin of 190 basis points over SONIA for sterling drawdowns and over EURIBOR for euro drawdowns. An uncommitted accordion facility of up to £75 million is available for extra liquidity.

This flexible capital facility will continue to play a role in the delivery of Foresight Solar's income and growth strategy, even if no longer as an equity bridge. It also demonstrates lenders' ongoing support for the sector.

Today's initiative is part of FSFL's active balance sheet management, which includes measures to reduce interest costs, minimise commitment fees and limit refinancing risk. As an example of this proactive management, in 2024 the Company saved approximately £440,000 in interest expense by optimising the RCF drawdown to benefit from lower EURIBOR rates whilst simultaneously hedging its foreign exchange exposure.

For more information, follow Foresight Solar on LinkedIn or contact:

LEI: 213800VO4O83JVSSOX33