Advising NEOEN on the setting up of its first syndicated loan facility for an amount of € 200M, BNP Paribas, Société Générale and Natixis acted as Mandated Lead Arrangers and the loan was oversubscribed by 14 banks.
This financing is made of :
– a € 125M amortizing loan, and
– a € 75M revolving credit facility.
NEOEN choose to index its green loan to Environmental, Social and Governance (ESG) criteria.
This transaction will strengthen the Group’s financial resources in support of its growth strategy. In particular, it will contribute to future investments in the development of new projects.
Neoen is one of the world’s most dynamic independent producers of renewable energy, with a capacity close to 3 GW in operation or under construction.