Initially set at €350 million, Greenvolt Group has successfully upsized its syndicated financing to a total of €400 million, following strong interest from the financial community.
This increase was supported by two additional banks, including a new corporate lending partner, bringing the total number of international lenders in the facility to eight.
At first, the syndicate was composed of one institutional investor and five banks, with four new financial institutions joining Greenvolt Group as corporate-level partners.
The reinforcement of this syndicated financing, which includes a three-year bullet, is subject to terms and conditions, including security, customary in similar operations.
This financing, obtained through the syndicated loan, strengthens the company’s strategy of building long-term relationships with key financial institutions as it expands its operations in the renewable energy sector, according to Greenvolt.
“This increase in financing reflects the trust that financial institutions have in our strategy in the renewables sector. It also highlights the benefits of having KKR as a key shareholder, extending our reach within the financial community”, said João Manso Neto, CEO of Greenvolt Group.
Greenvolt upsizes syndicated financing to €400m
