Gore Street Energy Storage Fund Unit Refinances Big Rock Asset with $52 Million Facility

05:08 AM EDT, 10/02/2026 (MT Newswires) -- Gore Street Energy Storage Fund (GSF.L) subsidiary Big Rock ESS Assets entered a $52.4 million term loan facility with First Citizens Bank, according to a Friday release. The financing comprises a letter of credit facility with a five-year tenor that replaces the unit's $60 million facility, reducing the interest charged. The new loan partially amortizes over the term, with a balloon payment at maturity. The UK-listed fund's unit owns the 200-megawatt/400-megawatt-hour Big Rock project in the US, which is now operational.