Drax Group PLC New sustainability-linked £450m RCF
2024年8月20日 - 3:00PM
RNS Regulatory News
RNS Number : 9970A
Drax Group PLC
20 August 2024
20 August 2024
Drax Group plc
("Drax"; Symbol: DRX)
New
sustainability-linked £450 million revolving credit
facility
Drax is pleased to announce that it
has completed the refinancing of its revolving credit facility
(RCF) ("The Facility").
The new sustainability-linked £450
million facility matures in 2027, with options to extend by two
years(1). The Facility, which provides additional
liquidity, replaces the current £300 million RCF which matures in
2026 and is undrawn for cash.
The Facility has a customary margin
grid referenced over SONIA (Sterling Overnight Index Average) with
adjustments linked to certain Scope 1, 2 and 3 carbon emissions
which are based on the Group's 2030 SBTi targets.
Separately, Drax has also completed
a £50 million term-loan facility which matures in 2028 with a
one-year extension option(2). The term-loan has a
customary margin referenced over SONIA and will be used for general
corporate purposes.
Notes
(1) The facility includes two
one-year extension options which are subject to lender
consent.
(2) Subject to lender
consent.
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
END
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 or visit
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.
END
MSCEAXPNFFSLEFA
Drax (LSE:DRX)
過去 株価チャート
から 7 2024 まで 8 2024
Drax (LSE:DRX)
過去 株価チャート
から 8 2023 まで 8 2024