Greenergy Secures New Credit Facilities
- Greenergy closes a new Revolving Secured Borrowing Base and Term Loan Facility.
- Total credit facilities reach US$1.4 billion.
- The US$500 million Borrowing Base is backed by banks including Lloyds, Natixis, and Societe Generale.
- A US$265 million Secured 5-year Term Loan Facility is also secured with SMBC, SuMi Trust, and others.
Refinancing Overview
Greenergy, a UK-based road fuels supplier and European biodiesel producer, has successfully closed its new Revolving Secured Borrowing Base and Term Loan Facility. This refinancing, combined with its existing Receivables Purchase Facility, brings Greenergy's total credit facilities to US$1.4 billion.
Borrowing Base Details
The refinancing includes a new US$500 million Revolving Secured Borrowing Base, offering flexibility to support Greenergy's growing working capital needs. This facility is provided by a syndicate of banks, including Lloyds Bank plc, Natixis, Societe Generale, MUFG, and NatWest Bank Plc.
Term Loan Facility
In addition to the borrowing base, Greenergy has secured a US$265 million Secured 5-year Term Loan Facility. This loan is supported by SMBC Bank International plc, SuMi Trust, MUFG, Societe Generale, and Lloyds Bank plc.
Strategic Implications
The new financing arrangement enhances Greenergy's ability to pursue new business opportunities and investments, aligning with its long-term growth and business plans. It also strengthens the company's position to adapt to changing and competitive market conditions.
Source: Greenergy