Webster Bank Provides Financing to Ameresco, Inc. Financing supports growth of energy efficiency industry and advances sustainability business practices
BOSTON, Oct. 4, 2011 /PRNewswire/ -- Webster Bank, a leading New England financial institution, is pleased to announce it is a 25 percent participant in Ameresco, Inc.'s (NYSE: AMRC) recently announced senior secured credit facility. The facility entered into on June 30, 2011, provides Ameresco, a leading energy efficiency and renewable energy company headquartered in Framingham, Mass., with a $60 million revolving credit facility and a $40 million term loan. Ameresco will use the financing for working capital and expansion.
"The energy industry is one Webster finances in support of a sustainable future," said Ann Meade, senior vice president, middle market banking for Webster. "Ameresco is a North American leader in this industry and a fast-growing employer in Massachusetts. We are delighted to have this opportunity to work with Ameresco and help them with their future growth."
Webster Financial Corporation is the holding company for Webster Bank, National Association. With $18.0 billion in assets, Webster provides business and consumer banking, mortgage, financial planning, trust and investment services through 176 banking offices, 495 ATMs, telephone banking and the Internet. Webster Bank owns the asset-based lending firm Webster Business Credit Corporation; the equipment finance firm Webster Capital Finance; and provides health savings account trustee and administrative services through HSA Bank, a division of Webster Bank. Member FDIC and equal housing lender. For more information about Webster, including past press releases and the latest annual report, visit the Webster website at www.websterbank.com.
Brenda Greene, 401-228-2083
SOURCE Webster Bank