RGS Energy signs letter of intent for new $5 million loan facility

LOUISVILLE —  RGS Energy (Nasdaq: RGSE), a residential and small-commercial solar installation company based in Louisville, has signed a letter of intent for a new $5 million loan facility.

The new loan facility will replace the company’s existing line of credit with Silicon Valley Bank. The new loan facility will be provided by Solar Solutions and Distribution LLC, a Colorado-based renewable energy solutions company. In addition to distributing standard solar products since 2009, Solar Solutions provides sustainable-energy solutions and products globally. Solar Solutions has been doing business with RGS Energy since 2010.

“We are excited about this new loan facility and expanding…