WASHINGTON, Sept. 30, 2015 (GLOBE NEWSWIRE) -- Abengoa Yield (NASDAQ:ABY), the sustainable total return company that owns a diversified portfolio of contracted assets in the energy and environment sectors, today announced it has closed the acquisition from Abengoa of Solaben 1/6, a 100 MW solar complex in Spain. As previously announced, the acquisition has been financed with Tranche B of the revolving credit facility amounting to $290 million and cash on hand. The maturity of this Tranche B is December 2017.
Solaben 1/6 is part of our fourth asset acquisition, which also comprises the acquisition of ATN2, closed in June, and 13% of the stake owned by JGC in Solacor 1/2, where it already owns a 74% stake, which is expected to close in December 2015.
About Abengoa Yield
Abengoa Yield is a total return company that owns a diversified portfolio of contracted renewable energy, power generation, electric transmission and water assets in North America, South America and EMEA. We focus on providing a predictable and growing quarterly dividend or yield to our shareholders (www.abengoayield.com).