Document:

Exhibit 4.25

     

   
  

     

   
  
    EXECUTION VERSION

     

    FOURTH AMENDMENT TO CREDIT AND GUARANTY AGREEMENT, dated as of August 28, 2020 (this "Amendment"), among (i) Atlantica Sustainable Infrastructure plc (f/k/a Atlantica Yield PLC), as borrower (the "Borrower")

      under the Credit and Guaranty Agreement, dated as of May 10, 2018 (as amended, amended and restated, supplemented or otherwise modified from time to time prior to the date hereof, the "Credit Agreement"), among the Borrower, the Guarantors (as
      defined below), the L/C Issuers (as defined below), the lenders party thereto (the "Lenders") and the Administrative Agent (as defined below), (ii) the guarantors party to the Credit Agreement (the "Guarantors"), (iii) Royal Bank of
      Canada and Canadian Imperial Bank of Commerce, London Branch, as L/C Issuers (the "L/C Issuers"), (iv) the Lenders party hereto and (v) Royal Bank of Canada, as administrative agent for the Lenders (in such capacity, the "Administrative
        Agent").

     

    WHEREAS, the Borrower has requested the Administrative Agent and the Lenders to amend certain provisions of the Credit Agreement and the Lenders are agreeable to such request
      upon the terms and subject to the conditions set forth herein; and

    

       

    WHEREAS, concurrently with the execution of this Amendment, Barclays Bank PLC, as assignor, National Bank of Canada, as assignee, the Administrative Agent and the Borrower have entered into an
      Assignment and Assumption in respect of 100% of the rights and obligations of Barclays Bank PLC under the Credit Agreement (the "Assignment Agreement").

     

    NOW THEREFORE, in consideration of the premises and the agreements, provisions and covenants set forth herein, the parties hereto agree as follows:

    

       

    

     ARTICLE I

      

     

      

    RATIFICATION; DEFINITIONS AND RULES OF CONSTRUCTION

     

    Section 1.1          Relation to Credit Agreement; Ratification. This Amendment is entered into in accordance with Section 11.01
      of the Credit Agreement and constitutes an integral part of the Credit Agreement. Except as amended by this Amendment, the provisions of the Credit Agreement are in all respects ratified and confirmed and shall remain in full force and effect.

    

       

    Section 1.2          Definitions. Unless otherwise defined herein, terms defined in the Credit Agreement (as amended by this Amendment)
      are used herein as therein defined, and the rules of interpretation set forth in Section 1.02 of the Credit Agreement shall apply mutatis mutandis to this Amendment.

    

       

    ARTICLE II

     

    AMENDMENT TO CREDIT AGREEMENT

     

    
      
        Section 2.1          Amendment to Credit Agreement. The parties hereto hereby agree that, effective as of the Amendment No. 4 Effective Date (as defined below),

         

           

      

    

    
      
        

    

    
    (a)          Section 1.01 of the Credit Agreement is hereby amended by deleting the definition of the
      terms "Reduction Date," "Specified Commitments" and "Specified Lenders" in their entirety.

    

       

    (b)          Section 2.04(b) of the Credit Agreement is hereby amended by deleting clause (v) thereof in
      its entirety.

    

       

    (c)          Section 2.05 of the Credit Agreement is hereby amended by deleting the following paragraph at the end of
      clause (b) thereof in its entirety:

    

       

    "Anything herein to the contrary notwithstanding, the Specified Commitments shall be
        automatically and permanently terminated on the date which is ten days prior to the Reduction Date, and the Availability Period solely in respect of the Specified Commitments shall be deemed expired on such date."

    

       

    (d)          Section 2.05(c) of the Credit Agreement is hereby amended by deleting it in its entirety and
      replacing it with the following:

     

       

    "(c)          Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the Lenders of any termination or reduction of the Commitments under this Section 2.05. Upon any reduction of the Commitments, the Commitment of each Lender shall be reduced by such Lender's Applicable Percentage of such reduction amount. All fees in respect of the Facility accrued until the effective date of any
        termination of the Facility shall be paid on the effective date of such termination."

     

    (e)          Section 2.12 of the Credit Agreement is hereby amended by deleting clause (ii) of the proviso thereto and replacing it in its entirety with the following:

     

    "(ii) the provisions of this Section shall not be construed to apply to (x) any payment made by or on behalf of the Borrower pursuant to and in
        accordance with the express terms of this Agreement (including the application of funds arising from the existence of a Defaulting Lender), or (y) any payment obtained by a Lender as consideration for the assignment of or sale of a participation in
        any of its Loans to any assignee or participant, other than an assignment to the Borrower or any Affiliate thereof (as to which the provisions of this Section shall apply)."

     

    (f)          Section 11.01 of the Credit Agreement is hereby amended by deleting the following
      paragraph at the end thereof in its entirety:

    

       

     

    "Notwithstanding anything to the contrary herein, any amendment, waiver or consent in
        connection with (a) any of the following terms: "Amendment No. 2 Effective Date," "Reduction Date," "Second Amendment to Credit and Guaranty Agreement," "Specified Commitments" or "Specified Lenders" or (b)
        Section 2.04(b)(v), the last paragraph of Section 2.05(b), Section 2.05(c), clause (ii) of the proviso to Section 2.12 or this paragraph, shall not be effective unless in writing signed by the Required Lenders, the Specified Lenders and the
        Borrower."

     

    
      2

      
        

    

    ARTICLE III

    

       

    CONDITIONS TO EFFECTIVENESS

     

     

    Section 3.1          Conditions to Effectiveness. This Amendment shall become effective on the date each of the following conditions
      precedent is satisfied (such date, the "Amendment No. 4 Effective Date"): (a) the Administrative Agent has received a true, correct and complete copy of this Amendment, duly executed and delivered by a duly authorized officer of each party
      hereto and (b) the Administrative Agent shall have received the Assignment Agreement duly executed and delivered by each of the parties named as a signatory thereto, and the Assignment Agreement shall be in full force and effect.

     

       

    ARTICLE IV

     

    REPRESENTATIONS AND WARRANTIES

    

       

    Section 4.1          Representations and Warranties. Each Loan Party represents and warrants to the Secured Parties as of the Amendment
      No. 4 Effective Date, that:

    

       

    (a)    Authorization; No Contravention. The execution, delivery and performance by each Loan Party of this Amendment has been duly
      authorized by all necessary corporate or other organizational action, and do not and will not: (i) contravene the terms of any of such Person's Organization Documents; (ii) conflict with or result in any breach or contravention of, or the creation of
      any Lien under, or require any payment to be made under (A) any Contractual Obligation to which such Person or any of its Subsidiaries is a party or affecting such Person or any of its Subsidiaries or the properties of such Person or any of its
      Subsidiaries or (B) any order, injunction, writ or decree of any Governmental Authority or any arbitral award to which such Person or any of its Subsidiaries or the properties of such Person or any of its Subsidiaries is subject; or (c) violate any
      Law.

    

       

    (b)     Binding Effect. This Amendment has been duly executed and delivered by each Loan Party that is party hereto. Subject to the
      Legal Reservations, this Amendment constitutes a legal, valid and binding obligation of such Loan Party, enforceable against each Loan Party that is party thereto in accordance with its terms.

    

       

    
      3

      
        

    

    ARTICLE V

      

     

    MISCELLANEOUS

     

    Section 5.1          Notices. All notices, requests and other communications to any party hereto shall be given or served in the manner
      contemplated in Section 11.02 of the Credit Agreement.

    

       

    Section 5.2          No Waiver; Status of Loan Documents. This Amendment shall not constitute an amendment, supplement or waiver of any
      provision of the Credit Agreement not expressly referred to herein and shall not be construed as an amendment, supplement, waiver or consent to any action on the part of any party hereto that would require an amendment, supplement, waiver or consent
      of the Lenders except as expressly stated herein. Except as expressly amended, supplemented or waived hereby, the provisions of the Credit Agreement are and shall remain in full force and effect. No failure or delay on the part of the Lenders in the
      exercise of any power, right or privilege hereunder or under any other Loan Document shall impair such power, right or privilege or be construed to be a waiver of any default or acquiescence therein, nor shall any single or partial exercise of any
      such power, right or privilege preclude other or further exercise thereof or of any other power, right or privilege. All rights and remedies existing under this Amendment and the other Loan Documents are cumulative to, and not exclusive of, any
      rights or remedies available at equity or law. Nothing in this Amendment shall constitute a novation of the Loan Parties' obligations under the Credit Agreement or any other Loan Document.

    

       

    Section 5.3          Amendment. This Amendment may be amended, waived, discharged or terminated only by an instrument in writing signed
      by the party against which enforcement of such change, waiver, discharge or termination is sought.

    

       

    Section 5.4         Amendment Binding. This Amendment shall be binding upon and inure to the benefit of and be
      enforceable by the parties hereto and the respective successors and permitted assigns of the parties hereto.

    

       

    Section 5.5          Headings. Section headings used herein are for convenience of reference only, are not part of this Amendment and
      shall not affect the construction of, or be taken into consideration in interpreting, this Amendment.

    

       

    Section 5.6          Governing Law.

     

    (a)          This Amendment shall be governed by, and construed in accordance with, the laws of the State
      of New York.

     

    (b)          Each of the undersigned hereto agrees that any dispute relating to this Amendment shall be
      determined in accordance with Sections 11.14 and 11.15 of the Credit Agreement and the provisions of said Sections 11.14 and 11.15 of the Credit Agreement are incorporated herein by reference.

    

       

    
      4

      
        

    

    
      
        Section 5.7          Counterparts. This Amendment may be executed in one or more counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all
          of which when taken together shall constitute a single contract. Delivery of an executed counterpart of a signature page of this Amendment by e-mail in portable document format (.pdf) or facsimile (with acknowledgment of receipt) or other
          electronic transmission of an executed counterpart of a signature page to this Amendment shall be effective as delivery of an original executed counterpart of this Amendment and the words “execution,” “execute”, “signed,” “signature,” and words
          of like import in or related to any document to be signed in connection with this Amendment shall be deemed to include electronic signatures, the electronic matching of assignment terms and contract formations on electronic platforms approved by
          the Administrative Agent, or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper based recordkeeping system, as the case may
          be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the
          Uniform Electronic Transactions Act. The Administrative Agent may, in its discretion, require that any such documents and signatures executed electronically or delivered by fax or other electronic transmission be confirmed by a manually-signed
          original thereof; provided that the failure to request or deliver the same shall not limit the effectiveness of any document or signature executed electronically or delivered by fax or other electronic transmission.

      

    

     

    Section 5.8          Loan Document. This Amendment shall constitute a Loan Document.

     

       

    [Remainder of this page intentionally left blank]

    

       

    
      5

      
        

    

    

    
      Signature Page

      Amendment No. 4 to Credit and Guaranty Agreement

    

     

       

    IN WITNESS WHEREOF, the parties have caused this Amendment to be duly executed and delivered as of the day and year first above written.

     

    
      	
               

            	
              Yours truly,

            
	 	 

      	
               

            	
              ATLANTICA SUSTAINABLE

              INFRASTRUCTURE PLC (F/K/A

              ATLANTICA YIELD PLC),

            
	
               

            	
              as the Borrower

            
	
               

            	

               

      	
               

            	
              By:

            	/s/ Santiago Seage	 
	 	
              Name: Santiago Seage

            	 
	 	
              Title: CEO

            

    

    

       

    
      	
               

            	
              By:

            	/s/ Francisco Martinez Davis	 
	 	
              
                Name: Francisco Martinez Davis

              

            	 
	 	
              Title: CFO

            

    

    

       

    
      
        

    

    
      Signature Page

      Amendment No. 4 to Credit and Guaranty Agreement

    

    

       

    
      	
               

            	
              
                ATLANTICA INFRASTRUCTURES, S.L.U.

                (F/K/A ABY CONCESSIONS

                INFRASTRUCTURES S.L.U.),

              

            
	
               

            	
              as a Guarantor

            
	
               

            	

               

    

    
      
        	
                 

              	
                By:

              	
                /s/ David Esteban Guitard

              	 
	 	
                
                  Name: David Esteban Guitard

                

              	 
	 	
                Title: Authorized representative

                   

              

      

    

     

    
      
        
          	
                   

                	
                  By:

                	
                  /s/ Carlos Colón Lasso de la Vega

                	 
	 	
                  
                    Name: Carlos Colón Lasso de la Vega

                  

                	 
	 	
                  Title: Authorized representative

                     

                

        

      

    

    

    

    
    
      
        

    

    
      Signature Page

      Amendment No. 4 to Credit and Guaranty Agreement

       

         

    

    
      
        	
                 

              	
                
                  ABY CONCESSIONS PERU S.A.,

                     

                

              
	
                 

              	
                as a Guarantor

              
	
                 

              	

                 

      

    

    
      
        
          
            	
                     

                  	
                    By:

                  	
                    /s/ Antonio Merino Ciudad

                  	 
	 	
                    
                      Name: Antonio Merino Ciudad

                      

                    

                  	 
	 	
                    Title: Authorized representative

                       

                  

          

        

      

    

    

       

    
      
        
          
            
              	
                       

                    	
                      By:

                    	
                      
                        /s/ Gracia Candau Sanchez de Ybargüen

                      

                    	 
	 	
                      
                        Name: Gracia Candau Sanchez de Ybargüen

                      

                    	 
	 	
                      Title: Authorized representative

                         

                    

            

          

        

      

    

    

       

    
      
        

    

    Signature Page

    Amendment No. 4 to Credit and Guaranty Agreement

    

      
      
        
          
            	
                     

                  	
                    
                      
                        ACT HOLDING, S.A, DE C.V.,

                          

                      

                    

                  
	
                     

                  	
                    as a Guarantor

                  
	
                     

                  	

                     

          

        

      

      
        
          
            
              
                	
                         

                      	
                        By:

                      	
                        /s/ Carlos Colón Lasso de la Vega

                      	 
	 	
                        
                          Name: Carlos Colón Lasso de la Vega

                          

                        

                      	 
	 	
                        Title: Authorized representative

                           

                      

              

            

          

        

        

           

        
          
            
              
                
                  
                    	
                             

                          	
                            By:

                          	
                            
                              /s/ Irene Hernandez Martín de Arriva

                            

                          	 
	 	
                            
                              Name: Irene Hernandez Martín de Arriva

                                 

                            

                          	 
	 	
                            Title: Authorized representative

                               

                          

                  

                

              

            

          

        

        

           

        
          
            

        

        
          Signature Page

          Amendment No. 4 to Credit and Guaranty Agreement

        

        

           

        
          
            
              
                	
                         

                      	
                        
                          
                            
                              ASHUSA INC.,

                            

                          

                        

                      
	
                         

                      	
                        as a Guarantor

                      
	
                         

                      	

                         

              

            

          

        

        
          
            
              
                
                  	
                           

                        	
                          By:

                        	
                          
                            /s/ Emiliano García Sanz

                          

                        	 
	 	
                          
                            Name: Emiliano García Sanz

                          

                        	 
	 	
                          Title: Authorized representative

                             

                        

                

              

            

          

        

        

           

        
          
            
              
                
                  
                    
                      	
                               

                            	
                              By:

                            	
                              
                                /s/ Enrique Guillen

                              

                            	 
	 	
                              
                                Name: Enrique Guillen

                              

                            	 
	 	
                              Title: Authorized representative

                                 

                            

                    

                  

                

              

            

          

        

        

           

        
          
            

        

        
          
            Signature Page

            Amendment No. 4 to Credit and Guaranty Agreement

          

        

        

          
          
            
              
                
                  
                    	
                             

                          	
                            
                              
                                
                                  ASHUSA INC.,

                                

                              

                            

                          
	
                             

                          	
                            as a Guarantor

                          
	
                             

                          	

                             

                  

                

              

            

            
              
                
                  
                    
                      	
                               

                            	
                              By:

                            	
                              
                                /s/ Emiliano García Sanz

                              

                            	 
	 	
                              
                                Name: Emiliano García Sanz

                              

                            	 
	 	
                              Title: Authorized representative

                                 

                            

                    

                  

                

              

            

            

               

            
              
                
                  
                    
                      
                        
                          	
                                   

                                	
                                  By:

                                	
                                  
                                    /s/ Enrique Guillen

                                  

                                	 
	 	
                                  
                                    Name: Enrique Guillen

                                  

                                	 
	 	
                                  Title: Authorized representative

                                     

                                

                        

                      

                    

                  

                

              

            

            

               

            
              
                

            

            
              
                
                  Signature Page

                  Amendment No. 4 to Credit and Guaranty Agreement

                

              

              

                 

            

            
              
                
                  
                    
                      	
                               

                            	
                              
                                
                                  
                                    ATLANTICA INVESTMENTS LIMITED

                                    (F/K/A ATLANTICA YIELD SOUTH

                                    AFRICA LIMITED),

                                  

                                

                              

                            
	
                               

                            	
                              as a Guarantor

                            
	
                               

                            	

                               

                    

                  

                

              

            

            
              
                
                  
                    
                      
                        	
                                 

                              	
                                By:

                              	
                                
                                  /s/ David Esteban Guitard

                                

                              	 
	 	
                                
                                  Name: David Esteban Guitard

                                     

                                

                              	 
	 	
                                Title: Authorized representative

                                   

                              

                      

                    

                  

                

              

            

            

               

            
              
                
                  
                    
                      	
                               

                            	
                              By:

                            	
                              /s/ Carlos Colón Lasso de la Vega

                            	 
	 	
                              
                                Name: Carlos Colón Lasso de la Vega

                                

                              

                            	 
	 	
                              Title: Authorized representative

                                 

                            

                    

                  

                

              

            

            

               

            
              
                

            

            
              
                Signature Page

                Amendment No. 4 to Credit and Guaranty Agreement

              

            

          

          

             

          
            
              
                
                  
                    
                      	
                               

                            	
                              
                                
                                  
                                    
                                      ROYAL BANK OF CANADA,

                                    

                                  

                                

                              

                            
	
                               

                            	
                              
                                as Administrative Agent

                              

                            
	
                               

                            	

                               

                    

                  

                

              

            

          

          
            
              
                
                  
                    
                      
                        	
                                 

                              	
                                By:

                              	
                                
                                  /s/ Susan Khokher

                                

                              	 
	 	
                                
                                  Name:  Susan Khokher

                                

                              	 
	 	
                                Title:    Manager, Agency

                              

                      

                    

                  

                

              

            

          

          

             

          
            
              

          

          
            
              
                
                  
                    
                      
                        
                          
                            
                              Signature Page

                              Amendment No. 4 to Credit and Guaranty Agreement

                            

                          

                        

                         

                           

                        	
                                 

                              	
                                
                                  
                                    
                                      
                                        ROYAL BANK OF CANADA,

                                      

                                    

                                  

                                

                              
	
                                 

                              	
                                
                                  
                                    as Lender and L/C Issuer

                                  

                                

                              
	
                                 

                              	

                                 

                      

                    

                  

                

              

            

          

          
            
              
                
                  
                    
                      
                        
                          	
                                   

                                	
                                  By:

                                	
                                  
                                    /s/ Justin Painter

                                  

                                	 
	 	
                                  
                                    Name:  Justin Painter

                                  

                                	 
	 	
                                  Title:    Authorized Signatory

                                

                        

                      

                    

                  

                

              

            

          

          

             

          
            
              

          

          
            
              
                
                  Signature Page

                  Amendment No. 4 to Credit and Guaranty Agreement

                

              

            

          

          

             

          
            	
                     

                  	
                    
                      
                        
                          
                            
                              CANADIAN IMPERIAL BANK OF COMMERCE,

                              LONDON BRANCH,

                            

                          

                        

                      

                    

                  
	
                     

                  	
                    
                      
                        as Lender and L/C Issuer

                      

                    

                  
	
                     

                  	

                     

          

          
            
              
                
                  
                    
                      
                        
                          
                            	
                                     

                                  	
                                    By:

                                  	
                                    
                                      /s/ Farhad Merali

                                    

                                  	 
	 	
                                    
                                      Name:  Farhad Merali

                                    

                                  	 
	 	
                                    Title:    Executive Director

                                  

                          

                        

                      

                    

                  

                

              

            

          

          

             

          
            
              
                
                  
                    
                      
                        
                          
                            	
                                     

                                  	
                                    By:

                                  	
                                    
                                      /s/ Lavinia Macovschi

                                    

                                  	 
	 	
                                    
                                      Name:  Lavinia Macovschi

                                    

                                  	 
	 	
                                    Title:    Executive Director

                                  

                          

                        

                      

                    

                  

                

              

            

          

          

             

          
            
              

          

          
            
              
                
                  Signature Page

                  Amendment No. 4 to Credit and Guaranty Agreement

                

              

            

          

        

      

    

    
      

         

      
        	
                 

              	
                
                  
                    
                      
                        
                          
                            BANCO SANTANDER, S.A., NEW YORK

                            BRANCH

                          

                        

                      

                    

                  

                

              
	
                 

              	
                
                  
                    as Lender

                       

                  

                

              
	
                 

              	

                 

      

      
        
          
            
              
                
                  
                    
                      
                        	
                                 

                              	
                                By:

                              	
                                
                                  /s/ Pablo Urgoiti

                                

                              	 
	 	
                                
                                  Name:  Pablo Urgoiti

                                

                              	 
	 	
                                Title:    Managing Director

                              

                      

                    

                  

                

              

            

          

        

      

      

         

      
        
          
            
              
                
                  
                    
                      
                        	
                                 

                              	
                                By:

                              	
                                
                                  /s/ Rita Walz-Cuccioli

                                

                              	 
	 	
                                
                                  Name:  Rita Walz-Cuccioli

                                

                              	 
	 	
                                Title:    Executive Director

                              

                      

                    

                  

                

              

            

          

        

      

      

         

      
        
          

      

      
        
          
            
              
                Signature Page

                Amendment No. 4 to Credit and Guaranty Agreement

              

            

          

        

      

    

    

       

    
      
        	
                 

              	
                
                  
                    
                      
                        
                          
                            
                              NATIONAL BANK OF CANADA,

                            

                          

                        

                      

                    

                  

                

              
	
                 

              	
                
                  
                    as Lender

                       

                  

                

              
	
                 

              	

                 

      

    

    
      
        
          
            
              
                
                  
                    
                      
                        	
                                 

                              	
                                By:

                              	
                                
                                  /s/ Manny Deol

                                

                              	 
	 	
                                
                                  Name:  Manny Deol

                                

                              	 
	 	
                                Title:    Managing Director

                              

                      

                    

                  

                

              

            

          

        

      

    

    

       

    
      
        

    

    
      
        
          
            
              
                
                  Signature Page

                  Amendment No. 4 to Credit and Guaranty Agreement

                

              

            

          

        

      

      

         

    

    
      
        
          	
                   

                	
                  
                    
                      
                        
                          
                            
                              
                                
                                  JPMORGAN CHASE BANK, N.A.,

                                

                              

                            

                          

                        

                      

                    

                  

                
	
                   

                	
                  
                    
                      as Lender

                         

                    

                  

                
	
                   

                	

                   

        

      

      
        
          
            
              
                
                  
                    
                      
                        
                          	
                                   

                                	
                                  By:

                                	
                                  
                                    /s/ Jeffrey Miller

                                  

                                	 
	 	
                                  
                                    Name:  Jeffrey Miller

                                  

                                	 
	 	
                                  Title:    Executive Director

                                

                        

                      

                    

                  

                

              

            

          

        

      

      

         

      
        
          

      

      
        
          
            
              
                
                  
                    
                      Signature Page

                      Amendment No. 4 to Credit and Guaranty Agreement

                    

                  

                

              

            

          

          

             

        

      

    

    
      
        
          
            	
                     

                  	
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      MUFG BANK, LTD.,

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  
	
                     

                  	
                    
                      
                        as Lender

                           

                      

                    

                  
	
                     

                  	

                     

          

        

        
          
            
              
                
                  
                    
                      
                        
                          
                            	
                                     

                                  	
                                    By:

                                  	
                                    
                                       /s/ Nietzsche Rodricks

                                    

                                  	 

                            	 	
                                    
                                      Name:

                                         

                                    

                                  	 Nietzsche Rodricks	 
	 	
                                    Title:

                                       

                                  	
                                     Managing Director

                                     US Wholesale Banking - Power & Utilities

                                  

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    

       

    
      
        

    

    
      
        
          
            
              
                
                  
                    
                      
                        Signature Page

                        Amendment No. 4 to Credit and Guaranty Agreement

                      

                    

                  

                

              

            

          

           

             

          	
                   

                	
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      BANK OF AMERICA, N.A.,

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                
	
                   

                	
                  
                    
                      as Lender

                         

                    

                  

                
	
                   

                	

                   

        

      

    

    
      
        
          
            
              
                
                  
                    
                      
                        
                          	
                                   

                                	
                                  By:

                                	
                                  
                                    /s/ Jennifer Cochrane

                                  

                                	 
	 	
                                  
                                    Name:  Jennifer Cochrane

                                  

                                	 
	 	
                                  Title:    Vice President

                                

                        

                      

                    

                  

                

              

            

          

        

      

    

     

       

    
      
        

    

    
      
        
          
            
              
                
                  
                    
                      
                        
                          Signature Page

                          Amendment No. 4 to Credit and Guaranty Agreement

                        

                      

                    

                  

                

              

            

             

               

            	
                     

                  	
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          BANK OF MONTREAL, LONDON BRANCH,

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  
	
                     

                  	
                    
                      
                        as Lender

                           

                      

                    

                  
	
                     

                  	

                     

          

        

      

    

    
      
        
          
            
              
                
                  
                    
                      
                        
                          	
                                   

                                	
                                  By:

                                	
                                  
                                    /s/ William Smith

                                  

                                	
                                  /s/ Simon Watkins

                                	 
	 	
                                  
                                    Name:  William Smith

                                  

                                	
                                  Simon Watkins

                                	 
	 	
                                  Title:    MD

                                	MDExhibit 4.26

      

       

      

      This Amendment No. 2 to Note Issuance Facility Agreement, dated as of October 23, 2020 (this “Amendment”), is among Atlantica Sustainable Infrastructure plc, a company incorporated in England and Wales with company number 08818211 (the “Company”)
        and Lucid Agency Services Limited, on behalf of the Required Holders and as agent for the Purchasers (in such capacity, the “Agent”).

       

      W I T N E S S E T H:

       

      WHEREAS, the Company, the Guarantors, the purchasers party thereto and the Agent entered into that certain note issuance facility agreement, dated as of April 30, 2019 (as amended, supplemented or
        modified from time to time prior to the date hereof, the “NIFA”); and

       

      WHEREAS, the Company has requested the Agent and the Purchasers to amend the NIFA as set forth herein and the Purchasers are willing to agree to such amendment on the terms and subject to the
        conditions contained in this Amendment.

       

      NOW THEREFORE, in consideration of the premises and the mutual covenants hereinafter set forth, the parties hereto agree as follows:

       

      1.          Defined Terms; Rules of Construction.  This Amendment is entered into in accordance with Article 18.1 of the NIFA. Unless otherwise defined
        herein, capitalized terms used herein which are defined in the NIFA, as amended by this Amendment, are used herein as therein defined.  The rules of interpretation set forth in Section 22.5 of the NIFA shall apply mutatis

          mutandis to this Amendment.

       

      2.           Amendment.  Effective as of the date of this Amendment,

       

      (a)          Section 9.4 of the NIFA is hereby amended by adding the following new clause (c) at the end thereof:

       

      “(c)       Notwithstanding anything to the contrary in clauses (a) and (b) above, the consummation of the Permitted Reorganization or any
          other transaction permitted under Section 10.2 shall not be deemed to violate this Section 9.4.”

       

      (b)          Section 9.7 of the NIFA is hereby amended by adding the following sentences at the end thereof:

       

      “Notwithstanding anything to the contrary in this Section 9.7, neither ASHUSA Inc. nor ASUSHI Inc. shall be required to provide a Guarantee with respect to the Notes following the
        consummation of the Permitted Reorganization and so long as ASHUSA Inc. and ASUSHI Inc. Guarantee no other Credit Facility evidencing Material Indebtedness of the Company, in which case, such Persons shall execute and deliver to the Agent the
        documentation referred in this Section 9.7.”

       

      (c)          Section 10.2 of the NIFA is hereby amended by adding the following new clause (e) at the end thereof:

       

      “(e)       Notwithstanding anything to the contrary in this Section 10.2, the Note Parties shall be permitted to consummate the
          Permitted Reorganization provided that, upon or prior to the consummation of such Permitted Reorganization, NewCo becomes a Guarantor and the Company delivers to the holders of the Notes and the Agent the documentation required under Section
            9.7.”

       

      
        
          

      

      
      (d)          Section 10.4(b) of the NIFA is hereby amended by adding the following new subclause (xiii) at the end thereof:

       

      “; and (xiii)          the Permitted Reorganization.”

       

      (e)          Section 11.1(g) of the NIFA is hereby amended by replacing the parenthetical thereof with the following:

       

      “(including with respect to any limitations and the Permitted Reorganization)”

       

      (f)          Section 18.2 of the NIFA is hereby amended by adding the following new clause (c) at the end thereof:

       

      “(c)       Notwithstanding anything to the contrary in Section 18.1, no consent from the holders or the Agent shall be required to
          effect a release of the Guarantee of ASHUSA Inc. and ASUSHI Inc. pursuant to Section 23.6(e).”

       

      (g)          Section 23.6 of the NIFA is hereby amended by adding the following new clause (e) at the end thereof:

       

      “(e)        Each of the holders irrevocably consents (and authorizes the Agent), at the request of the Company, at any time that no Default or
          Event of Default shall have occurred and be continuing, (i) to release ASHUSA Inc. and ASUSHI Inc. from its Guarantee with respect to the Notes, and (ii) to take such actions and execute and deliver such documents and instruments (and instruct
          the Agent to do so) as may be reasonably requested in writing by the Company or such Guarantor to give effect to the release specified in the foregoing clause (i); provided that the releases and actions described in the aforementioned items (i)
          and (ii)  are done only for the purposes of consummating the Permitted Reorganization and solely to the extent that upon or prior to the consummation of such Permitted Reorganization, NewCo becomes a Guarantor and the Company delivers to the
          holders and the Agent documentation required under Section 9.7 with respect to NewCo and following such release, ASHUSA Inc. and ASUSHI Inc. Guarantee no other Material Credit Facility.”

       

      (h)          Schedule A of the NIFA is hereby amended by:

       

      (i)          adding the following new clause (p) at the end of the definition of the term “Asset Sale”:

       

      “; and (p)          Asset Sales relating to the Permitted Reorganization.”

       

      (ii)         replacing the definitions of the terms “CAFD,” “Credit
          Agreements,” “Distributed Cash” and “Notes Facility Agreement” with the following, respectively:

       

      
        2

        
          

      

      ““CAFD” means, for any Testing Period, and without duplication, Distributed Cash minus cash expenses of the Company (other than debt service obligations and
        transaction costs), in each case during such Testing Period.

       

      “Credit Agreements” means, collectively, the Notes Facility Agreement, the Term Loan and the Note Purchase Agreement.

       

      “Distributed Cash” means cash and Cash Equivalents distributed, directly or indirectly, to the Company in respect of Investments in any Person, in each case,
        held, directly or indirectly, by the Company (other than (x) dividends or other distributions that are funded, directly or indirectly, with substantially concurrent cash Investments, or cash Investments that were not intended to be used by such
        Person for capital expenditures or for operational purposes, by the Company or any of its Subsidiaries in such Person, (y) withholding Taxes and amounts subject to,  or reasonably expected to be subject to repatriation requirements and (z) Net
        Proceeds in excess of $10,000,000 in the aggregate during any fiscal year) consisting of: (a) dividends; (b) capital redemptions; (c) interest or principal repayments in respect of Indebtedness provided directly or indirectly by the Company; and
        (d) the proceeds of any loan to the Company from a Subsidiary of the Company; provided that, (i) to the extent permitted by Non-Recourse Indebtedness arrangements to which such Subsidiary is a party, the payment obligation of the Company under such
        loan is subordinated to the prior payment in full of the Notes and (ii) any repayment of such loan prior to the Maturity Date is immediately succeeded by (A) entering into a substantially similar arrangement for an equal or greater amount; (B)
        payment of a dividend in an equal or greater amount than such loan by the lender to the Company or a Guarantor; or (C) redemption of Capital Stock of the lender and remittance of the proceeds of such redemption in an equal or greater amount as such
        loan.

       

      “Notes Facility Agreement” means the senior unsecured note issuance facility agreement, dated July 8, 2020, among the Company, the guarantors party thereto,
        the purchasers party thereto and Lucid Agency Services Limited, as agent for such purchasers, as amended, restated, supplemented, modified or replaced from time to time.”

       

      (iii)        adding the following definitions in the corresponding alphabetical order:

       

      ““NewCo” means a Person wholly owned by the Company formed or incorporated under the Laws of a state of the United States.

       

      “Note Purchase Agreement” means the senior secured note purchase agreement, dated March 20, 2020, among the Company, the guarantors party thereto and the
        purchasers party thereto, as amended, restated, supplemented, modified or replaced from time to time.

       

      
        3

        
          

      

      “Permitted Reorganization” means the corporate reorganization of the Company as a result of which ASHUSA Inc. and ASUSHI Inc. become wholly owned Subsidiaries
        of NewCo, which reorganization may involve various transactions, including transfers of Equity Interests of ASHUSA Inc. and ASUSHI Inc., the redemption of Equity Interests of ASHUSA Inc.  and ASUSHI Inc., transfers of assets among Note Parties, and
        any other procedure in compliance with the Note Documents; provided that upon or prior to the consummation of such transactions, NewCo becomes a Guarantor and the Company delivers to the holders of the Notes and the Agent the documentation required
        under Section 9.7(a).”

       

      (i)          Item B.1. of Schedule 1 of Exhibit K of the NIFA is hereby amended by deleting it in its entirety and replacing it with the following:

       

      “Distributed Cash received by the Company from its Investments (limited pursuant to the definition of “Distributed Cash” in the Agreement and after giving pro forma effect to
        Investments, Acquisitions, Dispositions, mergers, amalgamations, consolidations and discontinued operations pursuant to the definition of “Leverage Ratio” in the Agreement):”

       

      3.           Effect of Amendment; Miscellaneous.

       

      (a)          This Amendment is a Note Document.  Except as amended by this Amendment, the provisions of the NIFA are in all aspects ratified and confirmed, shall remain in full force and effect and
        shall remain as the legal, valid, binding, and enforceable obligations of the parties thereto.

       

      (b)          From and after the date of this Amendment, references in the NIFA to “this Agreement” (and indirect references such as “hereunder,” “hereby,” “herein” and “hereof,” or words of like
        import referring to the NIFA), and references in the other Note Documents to “the NIFA” or “the Note Issuance Facility Agreement” (and indirect references such as “thereunder,” “thereby,” “therein” and “thereof,” or words of like import referring
        to the NIFA) shall be deemed to be references to the NIFA, as amended by this Amendment.

       

      (c)          This Agreement shall become effective on the date hereof. This Amendment may be executed in one or more counterparts, each of which shall be deemed an original, but all of which
        together shall constitute one and the same instrument.  Delivery of an executed counterpart of a signature page by telecopier or by electronic mail in portable document format (.pdf) to this Amendment shall be effective as delivery of an original
        executed counterpart of this Amendment.

       

      4.          GOVERNING LAW.  THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK. The provisions of
        Sections 22.9 and 22.10 of the NIFA are incorporated herein by reference, mutatis mutandis.

       

      [Remainder of this page intentionally left blank]

       

      
        4

        
          

      

      IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered by their proper and duly authorized officers as of the day and year first above written.

       

      	 	
              Very truly yours,

            
	 	 
	 	
              EXECUTED by ATLANTICA SUSTAINABLE INFRASTRUCTURE PLC

            
	 	by:
	 	 
	 	
              By:

            	 	
              /s/ Santiago Seage

            	 
	 	
              Name:

            	
              Santiago Seage

            	 
	 	
              Title:

            	
              Chief Executive Officer

            	 
	 	 	 	 	 
	 	
              By:

            	 	
              /s/ Francisco Martinez-Davis

            	 
	 	
              Name:

            	
              Francisco Martinez-Davis

            	 
	 	
              Title:

            	
              Chief Financial Officer

            	 

      

      

      [Signature page to Amendment No. 2 to 2019 Note Issuance Facility Agreement]

       

      

      
        
          

      

      	
              EXECUTED by LUCID AGENCY SERVICES LIMITED as Agent and on behalf of each of the Purchasers referred to below:

                

              

              AWARE SUPER PTY LTD (ABN 11 118 202 672) (FORMERLY KNOWN AS FSS TRUSTEE CORPORATION)

               

              

              WESTBOURNE INFRASTRUCTURE DEBT OPPORTUNITIES FUND II, L.P. ACTING THROUGH ITS GENERAL PARTNER, RIMOR FUND II GP LIMITED

               

              

              WESTBOURNE INFRASTRUCTURE DEBT 4 LP ACTING THROUGH ITS GENERAL PARTNER, WESTBOURNE  INFRASTRUCTURE DEBT GP LIMITED

               

              

              WESTBOURNE INFRASTRUCTURE DEBT 5 LP ACTING THROUGH ITS GENERAL PARTNER, WESTBOURNE  INFRASTRUCTURE DEBT GP LIMITED

               

              

              WESTBOURNE INFRASTRUCTURE DEBT 6 LP ACTING THROUGH ITS GENERAL PARTNER, WESTBOURNE  INFRASTRUCTURE DEBT GP 2 LIMITED

            	 
	 	 
	
              
                /s/ Kate Russell

              

            	 
	 	 
	
              Authorised Signatory: Kate Russell

            	 
	 	 
	
              Name:

            	 

      

      

      
        [Signature page to Amendment No. 2 to 2019 Note Issuance Facility Agreement]

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