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TENT completes asset sale.
- Source :
- IJGlobal; 5/13/2024, pN.PAG-N.PAG, 1p
- Publication Year :
- 2024
-
Abstract
- Triple Point Energy Transition (TENT) has completed the sale of its £37 million debt facility to Triple Point Leasing Limited (TPLL) as part of its managed wind-down. The debt facility was originally secured for Virmati Energy (trading as Field Energy) for the construction of four Battery Energy Storage System (BESS) projects in the UK. TENT plans to conduct a similar process with a £2.2 million receivables facility agreed with LED lighting firm Boxed Light Services. TENT's chair, John Roberts, stated that the completion of this sale reduces the number of investments within the group's portfolio by four. [Extracted from the article]
- Subjects :
- REVOLVING credit
CORPORATE sponsorship
CORPORATION secretaries
Subjects
Details
- Language :
- English
- ISSN :
- 20554842
- Database :
- Complementary Index
- Journal :
- IJGlobal
- Publication Type :
- Periodical
- Accession number :
- 177187913