on CapitalStage AG (isin : DE0006095003)
ENCAVIS AG secures EUR 300 million revolving credit facility to finance its Accelerated Growth Strategy 2027
Hamburg, 26th June 2024 – MDAX-listed wind and solar park operator Encavis AG has signed a EUR 300 million syndicated revolving credit facility. This short-term facility, available until 30th April 2025, is significantly oversubscribed. It will finance the acquisition of wind and solar projects under the Accelerated Growth Strategy 2027.
Dr. Christoph Husmann, Spokesman of the Management Board and CFO, remarked that the credit facility strengthens Encavis’s acquisition capabilities during the transition period related to the KKR-led consortium's voluntary public tender offer.
The consortium, led by Dutch COÖPERATIEVE RABOBANK U.A., includes eight banks. Encavis benefits from both long-term partners and new lenders.
R. H.
Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all CapitalStage AG news