Waga Energy signs $108M syndicated “green” loan

In France, Waga Energy signed an inaugural €100 million corporate syndicated loan with a consortium of 5 banking groups. The syndicated loan, with a 3-year maturity extendible to 5 years, will enable the acceleration of the international development of Waga Energy notably in the United States, and will strengthen the Group’s financial structure. This loan labelled as “green” will be used to finance projects that make a substantial contribution to climate change mitigation, in compliance with the European green taxonomy, and in line with decarbonization challenges. This transaction was largely oversubscribed by a pool of 5 institutions: Groupe BPCE (Natixis, Banque Populaire Auvergne Rhône Alpes, Caisse d’Épargne Rhône Alpes), Groupe Crédit Agricole (Crédit Agricole CIB, Crédit Agricole Sud Rhône Alpes, Crédit Agricole Centre France, Crédit Lyonnais), Arkéa Banque Entreprises & Institutionnels, BNP Paribas and Société Générale.