Waga Energy increases its green syndicated loan to €124 million

Waga Energy has increased by €24 million the amount of its €100 million corporate syndicated loan signed in July last year.
The total amount now stands at €124 million, with conditions remaining identical to those initially negotiated.
The transaction was subscribed by four banks and debt funds: Arkéa Banque Entreprises et Institutionnels and Banque Populaire Auvergne Rhône Alpes (members of the initial banking consortium), as well as CIC Private Debt through its CIC Transition Infra Debt 2 fund and CIC Lyonnaise de Banque, which join the transaction on this occasion.
This loan, labeled as a 'green loan', will be used to finance projects that make a substantial contribution to climate change mitigation, in compliance with the European green taxonomy.
This increase will support Waga Energy's accelerated international development, as the company is currently constructing 19 production units in France, Spain, Italy, Canada and the United States.
Jean-Michel Thibaud, Group CFO and Deputy CEO of Waga Energy, stated: "I would like to thank Arkéa Banque Entreprises et Institutionnels and Banque Populaire Auvergne Rhône Alpes for their renewed trust, as well as CIC Private Debt and CIC Lyonnaise de Banque for joining the banking pool established last year.
"The extension of this syndicated loan demonstrates our banking partners' confidence in our ability to generate predictable cash flows over time through our biomethane production projects."