The Board of Directors of Triple Point Energy Transition plc announced that the Group, via TENT Holdings Limited, has completed an extension of its £40 million Revolving Credit Facility with TP Leasing Limited. The RCF's original tenor of two years has been extended by 12 months, pushing out the legal maturity to 28 March 2025. Alongside the time extension the pricing of the RCF has been adjusted to reflect the current interest rate environment.

For the second year of its original tenor and the third year the annual coupon will increase from 4.5% pa to 6.0% pa. Prior to the start of the Extension Year the coupon will be reviewed with the prospect of either staying at 6.0%pa or being lower than 6.0% pa to reflect the prospect of potentially decreasing interest rates from 2024 onward. In each year of the extended term of loan the fixed annual coupon includes a margin of 250bps over the relevant lending benchmark.