ALBIOMA : Establishment of a corporate credit line for €60 million
Paris La Défense, 11 June 2019
Establishment of a corporate credit line for €60 million
On 7 June 2019, Albioma signed a €60 million bank facility with French and international banks, under very favourable market conditions. This revolving financing follows a previous line of €40 million, which was coming to an end.
With a maturity of five years, extendable to seven years, this new line of €20 reflects the Group's growth momentum. It will provide the Group with increased financial flexibility, particularly in view of acquisitions or specific cash requirements.
Next on the agenda: first half 2019 results on 24 July 2019 (after trading).
| An independent renewable energy producer, Albioma is committed to the energy transition thanks to biomass and photovoltaics. |
The Group, which is established in Overseas France, Mauritius and Brazil, has developed a unique partnership for 25 years with the sugar industry, to produce renewable energy from bagasse, a fibrous residue from sugar cane.
Albioma is also the leading generator of photovoltaic power overseas where it constructs and operates innovative projects with integrated storage capabilities.
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|Albioma shares are listed on NYSE EURONEXT PARIS (sub B) and eligible for the deferred settlement service (SRD) and PEA-PME plans (ISIN FR0000060402 - ticker: ABIO).|| www.albioma.com |