Natixis, Voltalia and EthiFinance make ‘sustainable finance’ rhyme with ‘energy transition’
Voltalia, an independent electricity producer in Europe, has brought together 12 French and international banking partners led by Natixis for the first responsible syndicated loan signed by a pure player in renewable energy.
This bank credit facility for a total of €100 million – whose interest rate will be pegged to Voltalia's non-financial performance – includes a revolving credit agreement for an amount of €55 million and a long-term credit agreement for €45 million (1).
The role played by Natixis was that of mandated arranger, sole coordinator, bookkeeper and sustainable development coordinator for the operation. The EthiFinance agency carried out Voltalia's non-financial analysis to establish its ESG (Environmental, Social and Governance) rating.
This operation underscores the joint commitment of Voltalia and Natixis to making companies’ non-financial performance an integral part of their financing solutions.
(1) Both instruments have a maturity of 5 years, extendable to 7 years.
For further details, read the press release: www.natixis.com