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Abengoa Yield Closes the Acquisition of Solaben 1/6

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).

CONTACT: Investor relations Leire Perez Tel: +34 954 93 71 11 E-mail: ir@abengoayield.com Communication Department Patricia Malo de Molina Melendez Tel: +34 954 93 71 11 E-mail: communication@abengoa.comSource:Abengoa Yield