Foresight Solar Fund Limited has announced that it has reached completion on a £245 million debt refinancing for a portfolio of 28 UK assets, representing an installed capacity of 321MW. The new financing comprises a £170 million term loan facility, a £65 million revolving credit facility ("RCF") and a £10 million debt service reserve facility. The £170 million fully amortising term loan facility will expire in March 2036 and will be provided jointly by Landesbank Hessen-Thüringen Girozentrale ("Helaba") and Sumitomo Mitsui Banking Corporation ("SMBC"). The term loan facility all-in annual cost of debt is approximately 230bps. The proceeds of the loan facility will be used partially to refinance the asset-level debt facilities expiring in September 2019. The £65 million RCF has a three-year term and will be provided by National Westminster Bank plc ("NatWest"). This facility replaces the existing £65 million RCF entered into in 2017. Following this transaction, the Company's total outstanding debt is £511.3 million, representing approximately 46% of Gross Asset Value ("GAV") of the Company and its subsidiaries based on the Company's 31 March 2019 GAV of £1,104.1 million. The total outstanding long-term debt, excluding revolving credit facilities of £406.3 million, represents approximately 37% of GAV of the Company and its subsidiaries.