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Paris, 17 March 2020
Neoen announces the signing of a 200 M€ syndicated loan linked to ESG criteria
  • Neoen SA has agreed its first syndicated loan facility for an amount of 200 million euros, choosing to index the margin to Environmental, Social and Governance (ESG) criteria
  • Neoen and its financial partners, led by BNP Paribas, Natixis and Société Générale, are thus demonstrating their commitment to positive impact finance

Neoen (ISIN: FR0011675362, Ticker: NEOEN), one of the world’s leading and fastest-growing independent producers of exclusively renewable energy, announces the signing of its first syndicated loan for an amount of 200 million euros. This financing is made of:

  • a 125 million euros amortizing loan, and
  • a 75 million euros revolving credit facility.

These two tranches will mature on July 31, 2024. This transaction will strengthen the Group’s financial resources in support of its growth strategy. In particular, it will contribute to future investments in the development of new projects. Neoen chose to link this financing to two ESG criteria which are in line with its commitments: corruption prevention and an independent ESG rating by Vigeo Eiris agency. The loan’s pricing will be adjusted according to Neoen’s ESG performance, which will be assessed on an annual basis.

Xavier Barbaro, Neoen’s Chairman and Chief Executive Officer, commented: « The success of this first syndication shows our banking partners’ confidence in the robustness of Neoen’s business model. This transaction, concluded under favourable conditions, will contribute to financing our growth. It also shows our willingness to combine both financial performance, environmental exemplarity and social responsibility. We are proud to give shape, thanks to our projects, to a sustainable finance model. »

This transaction, heavily oversubscribed, has attracted 14 banks1. BNP Paribas, Natixis and Société Générale acted as Mandated Lead Arrangers and Bookrunners and Coordinators in this transaction. Natixis also acted as Sustainability Coordinator, Documentation Agent and Facility Agent.

1- BNP Paribas, CIC Est, Crédit Lyonnais, HSBC France, Natixis, Société Générale, Banque Neuflize OBC, Barclays Bank Ireland PLC, Arkea Banque Entreprises & Institutionnels, Banque Palatine, Caisse d’Epargne CEPAC, Caisse Régionale de Crédit Agricole Mutuel d’Aquitaine, Crédit du Nord et La Banque Postale

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