8-K - Ameresco, Inc. | StockGist

AI Analysis

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Ameresco amended its credit agreement to increase the term loan by $45 million to $140 million and appointed two Co-Presidents and a COO effective April 1, 2026.

Key Takeaways

1Term Loan increased by $45 million to $140 million total via Amendment No. 2 on March 30, 2026.

2Proceeds primarily repaid revolver balance, leaving $140 million outstanding under Term Loan.

3Quarterly Term Loan payments: $1.25 million through March 31, 2026, then $1.81 million.

4Nicole Bulgarino and Louis Maltezos appointed Co-Presidents; Peter Christakis as COO, effective April 1, 2026.

5George Sakellaris steps down as President but remains CEO and Chairman.

Current Report Details

Event Type

Management Change+3 More

Disclosure

Mandatory

Variant

8-K

Items Reported

1.01

. Entry into a Material Definitive Agreement On March 30, 2026, Ameresco, Inc. ("Ameresco" or the "Company") entered into Amendment No. 2 (“Amendment No. 2”) to

Material Agreement

$225.0M$100.0M$95.0M$45.0M

Source Document

2.03

. Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement. The discussion in Item 1.01 is incorporated herein by refer

Financing

5.02

. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Effective A

Management Change

7.01

of this Current Report on Form 8-K.] Item 9.01. Financial Statements and Exhibits. (d) Exhibits The exhibits listed on the Exhibit Index immediately preceding s

Regulation Fd

Executive & Director Changes

Nicole A. Bulgarino

Co-President

Appointed

Effective: 2026-04-01

Oversee data centers, large energy infrastructure projects, Federal Solutions business

Louis P. Maltezos

Co-President

Appointed

Effective: 2026-04-01

Oversee non-federal projects, Smart Building Solutions, Canadian operations

Peter Christakis

Chief Operating Officer

Appointed

Effective: 2026-04-01

Oversee procurement, health & safety, U.S. solar and battery operations, European operations

George Sakellaris

President

Stepped down

Effective: 2026-04-01

Continues as CEO and Chairman

Transaction Details

Material Agreement

Agreement: Amendment No. 2 to the Sixth Amended and Restated Credit Agreement
Parties: Ameresco, Inc., Bank of America, N.A. (administrative agent), Lenders party thereto, BOFA Securities, Inc., KeyBanc National Association, Cooperative Robobank U.S., Webster Bank N.A. (documentation agent)

•Senior Secured Loan Agreement includes $225 million Revolver maturing December 28, 2028
•Term Loan increased from $95 million outstanding to $140 million, maturing December 28, 2028
•Quarterly principal payments of $1.25 million starting March 31, 2025 through March 31, 2026, then $1.81 million starting June 30, 2026
•Obligations guaranteed by certain wholly owned domestic subsidiaries and secured by assets (excluding certain equity interests and non-core assets)
•Most proceeds used to repay Revolver outstanding balance

Debt / Financing

Instrument: Term Loan A
Principal: 140000000
Maturity: 2028-12-28
Use of Proceeds: Repay outstanding balance under the Revolver

Exhibits (3)

10.1

EX-10.1

8-K

99.1

EX-99.1