Renewable power plants operator Voltalia SA has secured EUR 294 million (USD 320.8 million) in syndicated loans to refinance existing debt, enhancing its financial flexibility and supporting future expansion plans.
The financing package, detailed in a bourse filing, includes a EUR 176.4 million revolving credit line and a EUR 117.6 million term loan, with a maturity of five years and an extension option for an additional two years. The loan was arranged by a syndicate of 15 lenders, including BNP Paribas, CACIB, Mizuho Bank, and Natixis.
The funds will be used to refinance existing credit lines through 2026 and to support the deployment of new renewable energy projects. Additionally, a portion of the loan will be allocated to repaying EUR 250 million in convertible bonds issued in 2021 and 2022, which are due in 2025.
CEO Sebastien Clerc commented, “This new syndicated bank loan extends the average maturity of our corporate financing and strengthens our financial flexibility to support growth.”