Greencoat Renewables

New five-year term loan and bolt-on deal announced

  • Sectors : Utilities
  • Companies : Greencoat Renewables

Ratings and price correct at time of issue.

  • Greencoat Renewables

    Closing Price: 119c

  • RATING 24/08/17

  • PREVIOUS RATING N/A

DAVY VIEW

Greencoat has confirmed the addition of a new five-year term loan. It is part of a broader medium-term strategy to expand and diversify (debt type, duration) its balance sheet. It will support the group’s continued expansion in Ireland and in Continental Europe as the installed renewable capacity in key addressable markets builds out. Separately, it has announced a small bolt-on acquisition in Ireland (11.5MW, adding 2% to portfolio capacity).

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Oct 23 2020, 07:20 IST/BST

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