Signing of a new 250 million euros syndicated loan, bringing the total amount of credit facilities available to the Group to 490 million euros
07 Februar 2023 - 6:10PM
Signing of a new 250 million euros syndicated loan, bringing the
total amount of credit facilities available to the Group to 490
million euros
Signing of a
new 250
million euros syndicated
loan, bringing the total amount of credit facilities available to
the Group to 490
million
euros
Voltalia (Euronext Paris ISIN code:
FR0011995588), an international player in renewable energy,
announces the signing of a new 250
million euros syndicated
credit facility. This new credit line replicates the innovative
framework of those put in place
in 2019 and 2021:
the interest rate may be subsidized
depending on the achievement of certain Environmental, Social and
Governance (ESG) criteria.
"The signing of this new syndicated loan allows
us to almost double the amount of bank facilities we have at our
disposal today. We warmly thank our banking partners, both old and
new, for this vote of confidence. As in 2019 and 2021, this
financing, the cost of which will be linked to the achievement of
non-financial objectives, underlines our desire to pursue concrete
CSR actions in the exercise of our mission: improving the global
environment by promoting local development", said Sébastien Clerc,
CEO of Voltalia.
The 250 million euros loan, with a maturity of 5
years extendable to 7 years, is composed of a revolving credit
facility (for two thirds) and a term loan that can be drawn down
for two years (for one third). The loan also benefits from an
extension clause allowing the amount to be increased during the
life of the loan.
This new syndicated loan comes in addition to
the 170 million euros already in place in June 2021. Its purpose is
to strengthen the Group's financial flexibility in the context of
its continued growth. It will be used, for example, to pre-finance
construction work on new power plants before project financing is
drawn down. This approach is particularly well suited to Europe,
where clients are willing to pay a higher price if projects are
started quickly.
The new financing is Sustainability-Linked, i.e.
the interest rates will potentially be affected by the Group's
achievement of the following non-financial objectives:
- Occupational health and safety
performance;
- Business conduct and ethics;
- Environmental, Social and Governance
("ESG") performance of the company as assessed by the Gaïa
extra-financial rating carried out by the EthiFinance1 agency.
This loan was contracted with a syndicate of
eight banking partners: BNP Paribas, CACIB as Mandated Arrangers
and Bookrunners, Natixis as Lead Arranger and Credit Agent, and
Arkéa, Pireaus, La Banque Postale, CIC and Goldman Sachs as
Arrangers.
EthiFinance conducted the extra-financial
analysis of Voltalia to establish its ESG rating.
Next on the agenda: FY 2022
Results, on March 23, 2023 (before market opening)
About Voltalia
(www.voltalia.com) |
Voltalia is an international player in the renewable energy sector.
The Group produces and sells electricity generated from wind,
solar, hydraulic, biomass and storage facilities that it owns and
operates. Voltalia has a generating capacity in operation and under
construction of 2.6 GW and a portfolio of projects under
development representing a total capacity of 13.6 GW. Voltalia is
also a service provider and supports its investor clients in
renewable energy projects during all phases, from design to
operation and maintenance. As a pioneer in the corporate market,
Voltalia provides a global offer to private companies, ranging from
the supply of green electricity and energy efficiency services to
the local production of their own electricity. With more than 1,550
employees in 20 countries on 3 continents, Voltalia has the
capacity to act globally for its customers.Voltalia is listed on
the regulated market of Euronext Paris, compartment A (FR0011995588
– VLTSA) and is part of the EnterNext Tech 40, CAC Mid & Small
and Euronext Tech Leaders indices. The Group is also included in
the Gaïa-Index, an index for socially responsible midcaps. |
VoltaliaInvestor Relations : invest@voltalia.comT. +33 (0)1 81 70
37 00 |
ActifinPresse Contact: Loris
Daougabelldaougabel@actifin.fr . T.
+33 (0)1 56 88 11 11 |
|
1 As agreed in 2019 with EthiFinance for the
structuring of the previous transaction, the extra-financial rating
agency EthiFinance has committed to provide an annual ESG rating
based on its Gaïa methodology adapted to European small and
mid-caps.
- Signing of a new 250 million euros syndicated loan, bringing
the total amount of credit facilities available to the Group to 490
million euros
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