REG - Soc EnergElectricaSA - EUR 200 mn. loan from EIB to DEER - ELSA guarantee

Societatea Energetica Electrica SAAnnouncement

17/12/2024 15:45

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RNS Number : 4598Q  Societatea Energetica Electrica SA  17 December 2024

To:                  Romanian Financial Supervisory Authority
(FSA)

                        Bucharest Stock Exchange (BSE)

                        London Stock Exchange (LSE)

Current report in compliance with the Law 24/2017 on issuers of financial
instruments and market operations, FSA Regulation no. 5/2018 on issuers of
financial instruments and market operations, and the Bucharest Stock Exchange
Code

Report date:  17 December 2024

Company name: Societatea Energetica Electrica S.A. (Electrica)

Headquarters: 9 Grigore Alexandrescu Street, 1(st) District, Bucharest,
Romania

Phone/fax no.: 004-021-2085999/ 004-021-2085998

Fiscal Code: RO 13267221

Trade Register registration number: J40/7425/2000

Subscribed and paid in share capital: RON 3,395,530,040

Regulated market where the issued securities are traded: Bucharest Stock
Exchange (BSE) and London Stock Exchange (LSE)

Significant events to be reported: DEER contracted a EUR 200 mn. loan for
investments from EIB, with Electrica's guarantee

Electrica informs its shareholders and investors about the signing by
Distributie Energie Electrica Romania (DEER) - the distribution operator
within Electrica Group - of a EUR 200 mn loan from European Investment Bank
(EIB).

The purpose of the loan is to finance DEER's investment plan for the period
2024-2026, with the scope to upgrade its electricity distribution network
covering 40% of Romania and serving approximately 4 million households and
businesses. It can be disbursed in EUR or RON and will support DEER to offer
better services to its users, improve energy efficiency, and facilitate the
connection of renewable energy sources.

The EIB Loan is guaranteed by Electrica SA (ELSA) through a Professional
Payment Guarantee, valid until the full fulfillment of the obligations arising
from the agreement/ guarantee, with a value of the guarantee of maximum EUR
240,000,000 or the equivalent in RON, as the ELSA's shareholders approved in
the Extraordinary General Meeting of Shareholders on 11 December 2024.

"Our investment reduces the risks of supply interruptions and contributes to
energy efficiency and sustainability," said EIB Vice-President Ioannis
Tsakiris. "Electrica's smarter and more resilient infrastructure will mean
smoother operations for served businesses, better living conditions for
people, and generally a greener environment for all."

The electricity network in Romania is in urgent need of investment to address
aging infrastructure in the face of growing demand for electricity. The
operation aligns with the RePowerEU plan to support affordable, secure and
sustainable energy for Europe, and contributes to the Bank's objectives for
cohesion and climate action

"In times when we require funding for our ambitious development, the EIB's
support is a clear sign to the market that we are reliable and competitive,"
said Electrica Chief Executive Officer Alexandru Chirita. "We are also happy
to contribute to the energy and climate plans of Romania and the EU."

Contact: ir@electrica.ro; +40731796111

 

CEO

Alexandru Chirita

 

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