REG - Drax Group Plc - New £150 million term-loan facility

DraxAnnouncement

04/04/2024 07:00

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RNS Number : 2379J  Drax Group PLC  04 April 2024

4 April 2024

Drax Group plc

("Drax"; Symbol: DRX)

 

New £150 million term-loan facility

 

Drax is pleased to announce that it has completed a new £150 million
term-loan facility, comprised of an initial £125 million facility with an
optional uncommitted extension of £25 million.

 

The facility, along with the undrawn £258 million term-loan facility signed
in February 2024, will be used to refinance 2025 debt maturities.

 

These combined facilities have two tranches maturing in 2027((1)) and
2029((2)) and a customary margin referenced over SONIA (Sterling Overnight
Index Average) for sterling loans and over EURIBOR (Euro Interbank Offered
Rate) for euro loans.

 

Note

(1)  2027: €135 million and £145 million.

(2)  2029: €50 million and £80 million, with an optional uncommitted
extension of £25 million.

 

Enquiries:

Drax Investor Relations: Mark Strafford

+44 (0) 7730 763 949

 

Media:

Drax External Communications: Ali Lewis

+44 (0) 0771 267 0888

 

Website: www.drax.com (http://www.drax.com/)

 

END

 

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