on Waga Energy (EPA:WAGA)
Waga Energy secures €12 million loan for its WAGABOX® units
Waga Energy has announced the signing of a €12 million bank loan to refinance four of its WAGABOX® units in France. This 13.5-year loan was granted without recourse by BNP Paribas and Crédit Agricole Group. It will enable Waga Energy to repay the debt related to the construction of the units located in Montois-La-Montagne, Éteignières, Cusset and Granges.
The amount released will also help strengthen the company's cash position for future investments in biomethane projects. Jean-Michel Thibaud, CFO, points out that the company has secured a total of €175 million since the beginning of 2024, confirming the banks' confidence in their model generating predictable cash flows. Hogan Lovells advised Waga Energy on this transaction.
R. E.
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