ACEN secures AU$140-M loan for Australia projects

ACEN Corp. announced on Thursday that it had secured funding for the company’s projects in Australia.

In a disclosure to the stock exchange, ACEN said that as a guarantor to ACEN Australia, it executed a common provision and a facility agreement between ACEN Australia and MUFG Bank, Ltd., Sydney for a 140-million Australian dollar in long-term revolving green loan facility.

In the company disclosure dated July 25, ACEN said that projects of ACEN Australia have an aggregate amount of 1 billion Australian dollars, with the initial issuance of up to 622 million Australian dollars.

On Aug. 18, ACEN secured a 100-million Australian dollar green long-term revolving loan from DBS Bank Ltd. through common provisions and facility agreements.

The company said that the loan will provide financing for its eligible assets in Australia as part of ACEN’s goal to increase renewables capacity to 20 gigawatts by 2030.

On Thursday, shares in the company gained two centavos to close higher by 0.29% or P6.90 apiece. — Ashley Erika O. Jose

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

Your daily news source covering investing ideas, market stocks, business, retirement tips from Wall St. to Silicon Valley.

Disclaimer:, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 TheProficientInvestor. All Rights Reserved.

To Top