Ameresco says two of the three SCE sites are in final stages of testing

Ameresco announced that two of the three SCE sites are in final stages of testing. The company has engaged an advisor to pursue the issuance of subordinated debt to repay outstanding amounts on the senior secured credit facility as required by the company’s Bank of America term loan and revolving credit facility amendment obligations. The debt raise would also support the company’s near-term growth initiatives. The company is not planning on issuing equity to meet these requirements.