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Table of Contents
<br />AMERESCO, INC.
<br />NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
<br />(In thousands, except per share amounts)
<br />9. DEBT AND FINANCING LEASE LIABILITIES
<br />Debt was comprised of the following:
<br />As of December 31,
<br />2023
<br />2022
<br />Senior secured credit facility, 9.12%, due January 2024 to March 2025
<br />$
<br />279,900
<br />$
<br />477,900
<br />June 2020 construction revolver, 6.96%, due March 2024 (�) (1)
<br />$
<br />20,705
<br />$
<br />39,536
<br />July 2020 construction revolver, 5.92%, due June 2023 (2) (1)
<br />-
<br />5,855
<br />April 2023 construction credit facility, 6.82%, due July 2024
<br />134,415
<br />-
<br />August 2023 construction credit facility, 9.34%, due August 2026
<br />278,858
<br />August 2023 construction revolver, 6.85%, due April 2030
<br />36,270
<br />-
<br />Subtotal energy asset construction facilities
<br />$
<br />470,248
<br />$
<br />45,391
<br />January 2006 variable rate term loan, 0.00%, due June 2024 (2) (3)
<br />$
<br />-
<br />$
<br />3,403
<br />October 2011 tern loan, 6.11% due June 2028 (5)
<br />1,976
<br />2,348
<br />October 2012 variable rate term loan, 7.88%, due June 2025 (4) (s1
<br />34,453
<br />37,204
<br />September 2015 variable rate term loan, 7.21 %, due March 2028 (4) (8)
<br />13,747
<br />14,084
<br />August 2016 term loan, 4.95%, due June 2031 (4)
<br />2,253
<br />2,588
<br />March 2017 tern loan, 5.00%, due March 2028 (4)
<br />-
<br />2,258
<br />April 2017 term loan, 4.50%, due April 2027 0>
<br />-
<br />1,846
<br />April 2017 tern loan, 5.61%, due February 2034 (4)
<br />1,348
<br />1,437
<br />June 2017 variable rate term loan, 7.81%, due December 2027 (4) (s1
<br />7,158
<br />7,874
<br />June 2018 term loan, 5.15%, due December 2038 (�) (4)
<br />21,063
<br />23,255
<br />June 2018 variable rate term loan, 7.41%, due June 2033 (�) (8) (3)
<br />6,592
<br />6,951
<br />October 2018 variable rate term loan, 7.86%, due October 2029 (2) (s) (5)
<br />6,145
<br />6,977
<br />November 2020 fixed rate note, 3.58%, due December 2027 (4)
<br />2,004
<br />2,425
<br />June 2021 fixed rate note, 4.92%, due June 2045 (4)
<br />3,489
<br />3,474
<br />July 2021 fixed rate note, 3.25%, due March 2046 (2)(4>
<br />35,090
<br />37,302
<br />July 2021 variable rate term loan, 9.01%, due July 2030 (�) (4) (8)
<br />2,140
<br />2,915
<br />June 2022 fixed rate shelf note, 5.45%, due March 2042 (2) (4)
<br />6,395
<br />6,859
<br />October 2022 fixed rate financing facility, 6.70%, due August 2039
<br />349,093
<br />92,203
<br />March 2023 fixed rate shelf note 5.99%, due, December 2047 (2) (4)
<br />21,984
<br />-
<br />August 2023 seller's promissory note, 5.00%, due January 2024
<br />28,294
<br />August 2023 fixed rate note, 5.70%, due April 2047 (2)
<br />3,520
<br />-
<br />Various Enerqos financing facilities
<br />17,786
<br />Subtotal energy asset term loans
<br />$
<br />564,530
<br />$
<br />255,403
<br />August 2018 master sale -leaseback, 0.00% to 1.86%, due July 2039 to July 2047 (3) (6>
<br />$
<br />163,504
<br />$
<br />104,011
<br />December 2020 master sale -leaseback, 0.00%, due December 2040 to March 2043 (4) (6)
<br />22,194
<br />16,912
<br />Subtotal sale -leasebacks
<br />$
<br />185,698
<br />$
<br />120,923
<br />Financing leases (7)
<br />$
<br />13,928
<br />$
<br />16,060
<br />Total debt and financing leases
<br />$
<br />1,514,304
<br />$
<br />915,677
<br />Less: current maturities, net of unamortized discount
<br />322,247
<br />331,479
<br />Less: unamortized discount and debt issuance costs
<br />21,982
<br />15,563
<br />Long-term debt and financing lease liabilities, net of current portion, unamortized discount and debt issuance costs
<br />$
<br />1,170,075
<br />$
<br />568,635
<br />
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