Credit Approval of up to $20m Senior Debt Facility

Coro Energy

02/04/2026 07:00

RNS Number : 1415Z

Coro Energy PLC

02 April 2026

 

2 April 2026

Coro Energy Plc

("Coro" or the "Company")

 

Credit Approval of up to US$20 million Senior Debt Facility

 

Coro Energy PLC, the South East Asian renewable energy developer, is pleased to announce that it has received internal credit committee approval from a leading global sustainable infrastructure investor in respect of a proposed senior secured debt facility of up to US$20 million (the "Facility"). The Facility remains subject to completion due diligence, finalisation of documentation and satisfaction of customary conditions precedent which Coro expects to be completed during H1 2026.

 

The investor is a well-established institutional capital provider with an established track record in financing renewable energy and energy transition infrastructure globally.

 

The proposed Facility comprises:

 

·    an initial committed tranche of up to US$10 million; and

·    an additional uncommitted accordion tranche of up to US$10 million, subject to further approvals.

 

The Facility is expected to support the continued rollout of Coro's projects with existing and new commercial and industrial customers in Vietnam including the ability to finance battery energy storage systems.

 

Key Terms

 

The Facility is expected to be structured as a senior secured term loan with the following principal terms:

 

Structure
Senior Secured Term Loan
Currency
US Dollars
Tenor
8 years
Use of proceeds
Funding of up to 70% of capital expenditure across a portfolio of contracted rooftop solar and battery storage projects in Vietnam
Security
Secured against the Company's Vietnam operating platform, including project assets, contracts and cashflows

 

Tom Richardson, Chairman of Coro, commented:

 

"We are pleased to have reached this important milestone with a leading global sustainable infrastructure investor for a significant long-term financing facility. It is a validation of our platform and opportunity set in Vietnam and potentially transformative for the Company. The agreed commercial terms provide a strong foundation to support the continued scaling of our Vietnam rooftop solar platform.

 

I am grateful to both teams for their efforts over the last six months to get to this stage. We now look forward to progressing the Facility through documentation and into deployment."

 

 

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For further information please contact:

CavendishCapital Markets Limited(Nominated Adviser)
Adrian Hadden
Ben Jeynes
Tel: +44 (0)20 7220 0500
Tennyson Securities (Nominated Broker)
Peter Krens
Tel: +44 (0)20 4530 9239
Vigo Consulting (IR/PR Advisor)
Patrick d'Ancona
Tel: +44 (0)20 7390 0230

 

 

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