Voltalia Secures EUR-294m Debt Refinancing for Solar Expansion

• Voltalia SA secures EUR 294 million in loans to refinance debt, fueling future expansion and renewable energy projects. Strengthening financial flexibility for growth.

Renewable power plants operator Voltalia SA has secured EUR 294 million in loans to refinance its existing debt, improving its financial flexibility and supporting future expansion. The debt, provided by a syndicate of 15 lenders including BNP Paribas and CACIB, consists of a revolving credit line of EUR 176.4 million and a term loan of EUR 117.6 million with a maturity of five years, extendable by two years.

The funding will allow Voltalia to refinance credit lines until 2026 and provide additional cash resources for new renewable energy capacity deployment. A portion of the funds will be used to repay EUR 250 million worth of convertible bonds issued in 2021 and 2022. CEO Sebastien Clerc stated that the new syndicated bank loan extends the company's average maturity of corporate financing and strengthens financial flexibility for growth.

How will Voltalia SA's new loans support its renewable energy expansion plans?

• The new loans will help Voltalia SA refinance its existing debt, improving its financial flexibility and reducing interest costs.
  
• The funding will support Voltalia's future expansion plans by providing additional cash resources for new renewable energy capacity deployment.
  
• A portion of the funds will be used to repay EUR 250 million worth of convertible bonds issued in 2021 and 2022, reducing the company's debt burden.
  
• The syndicated bank loan extends Voltalia's average maturity of corporate financing, providing stability and long-term financial support for growth.
• The loans will enable Voltalia to continue investing in renewable power plants and infrastructure, contributing to the company's overall sustainability goals.