NEW YORK--(BUSINESS WIRE)--Greenbacker Renewable Energy Company LLC (the “Company”) announced today that its Board of Directors (“Board of Directors”) approved a decrease in the Organizational & Offering Costs (“O&O”) charged per share from 5% to 1.5% per share. “As we have achieved scale in our business we have been able to more effectively manage the costs of our capital raise,” said Charles Wheeler, CEO of the Company. Due to the changes in the O&O charged per share, the Company revised the per share offering price for each class of shares effective May 18, 2017, to the following – $9.735 per Class A share, $9.067 per Class C share and $8.942 per Class I share. While the public offering price has changed due to lower O&O expenses, the net asset value for each share class remains unchanged.
About Greenbacker Renewable Energy Company
Greenbacker Renewable Energy Company is a publicly registered, non-traded limited liability company that expects to acquire a diversified portfolio of income-producing renewable energy power plants, energy efficiency projects and other sustainable investments.
This press release contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause the actual results to differ materially from those anticipated at the time the forward-looking statements are made. Although the Company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that the expectations will be attained or that any deviation will not be material. The Company undertakes no obligation to update any forward-looking statement contained herein to conform to actual results or changes in the Company‘s expectations.