Greencoat Renewables takes term loan in leverage strategy shift

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By Mike Turner
23 Oct 2020

Greencoat Renewables, the Irish renewable infrastructure company, has signed a €200m term loan, as it looks to manage its longer duration leverage.

Greencoat has signed the €200m five year term loan from Commonwealth Bank of Australia, National Australia Bank and NatWest. 

The financing will pay down some of the company’s existing revolving credit facility that it uses for acquisitions, leaving the €380m due November 2021 facility around €115m drawn. 

The term loan ...

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