Brief: Elecnor Restructures Its Long-Term Financing And Extends Deadline Until 2026

Elecnor

01/10/2021 07:36

Oct 1 (Reuters) - Elecnor SA  ENOR.MC :
    * RESTRUCTURES ITS LONG-TERM FINANCING SOURCES, WHICH WILL
BECOME
SUSTAINABLE AND/OR GREEN, THROUGH NOVATION OF SYNDICATED
FINANCING AND WITH PLACEMENTS IN LOAN AND BOND FORMAT
    * THIS NOVATION EXTENDS THE DEADLINE BY JUST OVER TWO YEARS,
UNTIL
SEPTEMBER 2026
    * IT INCLUDES A VOLUNTARY EARLY AMORTISATION OF EUR 150
MILLION OF
THE LOAN TRANCHE AND AN INCREASE OF EUR 100 MILLION OF THE
CREDIT TRANCHE
    * FINANCING THEREFORE HAS LIMIT OF 350 MILLION EUROS,
DIVIDED INTO
LOAN TRANCHE OF 50 MILLION EUROS AND CREDIT TRANCHE OF 300
MILLION EUROS
    * IN ADDITION, ELECNOR HAS SIGNED THREE LONG-TERM PRIVATE
PLACEMENTS FOR 100 MILLION EUROS


Source text for Eikon:  ID:nCNM3Tnqff 
Further company coverage:  ENOR.MC 

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