Financiación de deuda solar fotovoltaica española
8 de enero de 2024
Aquila Europea Renovables plc
Financiación de deuda solar fotovoltaica española
Aquila European Renewables plc ("AER" or "the Company"), the London-listed investment company advised by Aquila Capital Investmentgesellschaft mbH ("Investment Adviser"), today announces that it has entered into a EUR 50 million[ 1 ], línea de deuda sin recurso a cinco años (“Debt Facility”) con ING Bank NV Sucursal en España. La Línea de Deuda está garantizada por la cartera de energía solar fotovoltaica española de propiedad absoluta de AER, que consta de 180 MWp de activos operativos no apalancados respaldados por acuerdos de compra de energía contratados a largo plazo.
The Debt Facility implies a conservative gearing level of approximately 26% for the Spanish solar PV portfolio, based on fair values as at 30 September 2023. The Company has been able to secure the loan at attractive terms, with an all-in interest rate below the existing revolving credit facility ("RCF"). Pricing terms of the Debt Facility remain confidential. 90% of the Debt Facility is hedged via an interest rate swap over the life of the loan. The Debt Facility is also partially amortising, with a balloon repayment at maturity. The Debt Facility also benefits from an accordion option (EUR 18 million), as well as two twelve-month extension options, both of which are subject to lender consent.
The Company intends to use the net proceeds from the Debt Facility to repay the RCF, resulting in available capacity under the RCF of approximately EUR 70 million (current facility limit: EUR 100 million). As a result, the Company's overall gearing level remains unchanged at approximately 34% of its Gross Asset Value, as at 30 September 2023. The undrawn RCF capacity provides significant flexibility for the Company going forward when considering future capital allocation decisions, which may include the continuation of the share buyback programme.
As announced in May 2023, this debt financing is one of a number of initiatives identified by the Board to assist in securing recognition of the value inherent in the portfolio. Further, the Board will continue to consult with shareholders and, as announced on 22 December 2023, is considering broader options for the future of the Company.
Ian Nolan, Chairman of AER, commented: "We are pleased to have secured the debt financing at such attractive terms, fulfilling one of the key initiatives announced in May 2023 prior to the Company's inaugural continuation vote. We are working with our advisers to evaluate how the incremental capital can be most appropriately allocated for the benefit of shareholders."
EXTREMOS
Para más detalles contacte a:
Contactos para los medios de comunicación
Edelman Smithfield
Ged Brumby 07540 412301
Patrocinador, Broker y agente de colocación
Valores Numis 020 7260 1000
tod davis
david benda
Apex Listed Companies Services (UK) Limited (Secretario de la empresa) 020 3327 9720
NOTAS
Acerca de la AER
El objetivo de Aquila European Renewables plc es ofrecer a los inversores una atractiva rentabilidad a largo plazo basada en los ingresos en EUR a través de una cartera diversificada de inversiones en energía eólica terrestre, solar fotovoltaica e hidroeléctrica en toda Europa continental e Irlanda. Como resultado de la diversificación de las tecnologías de generación de energía, los patrones de producción estacionales de estos tipos de activos se complementan entre sí, proporcionando un perfil de flujo de efectivo equilibrado, mientras que la diversificación geográfica sirve para reducir la exposición a un mercado energético único. Además, se mantiene un equilibrio entre los ingresos respaldados por el gobierno, los acuerdos de compra de energía a precio fijo y el riesgo del precio de la energía en el mercado. AER tiene como objetivo un dividendo de 5.51 céntimos por acción en relación con el ejercicio que finaliza el 31 de diciembre de 2023, con el objetivo de incrementar este dividendo progresivamente a medio plazo.
Se pueden encontrar más detalles en: www.aquila-european-renovables.com.
Número LEI: 213800UKH1TZIC9ZRP41
Acerca de ING
ING is a global financial institution with a strong European presence, offering banking services through ING Bank. ING Bank's purpose is to empower people to stay one step ahead in life and business. ING Bank's more than 52,000 employees provide retail and wholesale banking services to customers in more than 40 countries. ING Group shares are listed (in the form of certificates of deposit) on the stock exchanges in Amsterdam (INGA NA, ING.AS), Brussels and New York (ADRs: ING US, ING.N). Sustainability is an integral part of ING's corporate strategy, as evidenced by the inclusion of ING Group shares in the FTSE4Good and Dow Jones Sustainability indexes (European and global), where the company is among the leaders in the banking sector.
[ 1 ] Excludes any ancillary debt facilities (debt service reserve and letter of credit facilities)
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