REG - Soc EnergElectricaSA - Announcement - EBRD loan for DEER

Societatea Energetica Electrica SAAnnouncement

21/03/2023 15:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230321:nRSU7549Ta&default-theme=true

RNS Number : 7549T  Societatea Energetica Electrica SA  21 March 2023

ANNOUNCEMENT

 

The Electrica Group, through its subsidiary Distributie Energie Electrica
Romania SA (DEER), has concluded a loan agreement with the European Bank for
Reconstruction and Development (EBRD).

The loan of RON 180 million, guaranteed by the parent company Electrica S.A.,
will support the financing of the operator's liquidity needs. DEER will
continue its electricity distribution activity to Romanian consumers without
interruptions and will also continue investments in the electricity network to
ensure the integration of additional renewable energy production.

Alexandru Chiriță, CEO Electrica S.A.: "Given the strategy of diversifying
the financing sources at the level of Electrica Group in the context of
financing its current activity, pre-financing of the support scheme, but also
the financing of the opportunities for business development and of the plans
for further investment in the distribution network, the continuation of the
partnership with EBRD allows us, through this new term loan with a maturity of
5 years, to refinance a part of the price difference  of electricity for
covering network losses, aligned with the recovery of this difference through
tariffs as provided by GEO 153/2022. EBRD remains one of the strategic
partners of Electrica Group, being with us since the listing".

 

Contact details:

Electrica Investor Relations

E-mail: ir@electrica.ro (mailto:ir@electrica.ro)

Phone: +40 731 796 111

 

 

Chief Executive Officer
 

Alexandru-Aurelian Chirita

 

 

 

Director Financiar

Stefan Alexandru Frangulea

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCSEEFIFEDSEFD