May 22 (Renewables Now) - French renewable power producer Voltalia SA (EPA:VLTSA) has secured a EUR-100-million (USD 112m) loan from 12 French and international banks led by Natixis SA (EPA:KN).
The agreement covers a EUR-55-million credit convention and a EUR-45-million loan. Both mature in five years and are extendible to seven years. The credit facility has an interest rate indexed to Voltalia’s extra-financial-performance.
In its press statement, Voltalia described the financing as “the first green and sustainable syndicated loan for a European independent power producer.”
Natixis served as mandated arranger, sole coordinator, bookrunner and sustainable development coordinator, while the EthiFinance agency carried out Voltalia’s extra-financial analysis to establish its Environmental, Social and Governance (ESG) rating.
(EUR 1.0 = USD 1.117)