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Voltalia signs green sustainable loan of EUR 100m

Molinons wind farm, located in Yonne.

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)

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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