Voltalia Enhances Financial Strategy With Sustainability-Linked Syndicated Facility
ENERGY
EUROPE
DEBT
Summary
Redbridge helped Voltalia secure a €324 million sustainability-linked loan—combining revolving credit and term loan tranches—through a two-step financing and syndication process.
Challenge
A leader in the renewable energy sector, Voltalia aimed to increase the company’s financing capacity in alignment with a planned capital increase. Voltalia needed to secure substantial credit facilities under flexible terms, diversify the company’s lender pool, and integrate corporate social responsibility (CSR) objectives into the overall financing structure.
Solution
Voltalia partnered with Redbridge to negotiate a new sustainability-linked loan with revolving credit facility (RCF) and term loan tranches. The strategic approach involved a two-step process. Initially, a select group of lenders provided the financing needed for the capital increase. This was followed by a syndication process that not only increased the facility but also optimized lender involvement.
Results
Voltalia secured an initial facility amount of €324m million under competitive terms and pricing in a difficult market. This strategic financial maneuver enhanced liquidity and flexibility, expanded the pool of lenders, and updated the Sustainability Program to better reflect the company’s CSR commitments. The tailored process contributed to Voltalia’s strengthened financial foundation & commitment to sustainability.
“Redbridge was instrumental in conducting an agile & flexible execution process, leading to secure liquidity within the tight timeframe, while benefiting from solid & flexible documentation.”
Yoni Ammar
Head of Funding and Investment, Voltalia