A landmark refinancing in line with sustainability targets

In July 2021 Alkion completed a sustainability-linked refinancing of its financial debt. In doing so we raised additional capex facility to support a EUR 100m client driven investment program across our nine terminals

This was a landmark new debt structure as it is linked to three specific sustainability targets whose compliance will be monitored by an independent specialized audit firm. This commitment to financial and extra-financial objectives demonstrates our commitment to take a lead on sustainability matters as a driver of long-term value for all stakeholders including clients, employees, local communities and shareholders.

Driven by customer demand for petrochemical and biofuels storage, the EUR 100m capex facility raised will finance a 2022-2025 growth program that will further increase capacity and enhance operational excellence and automation.

The term loans and ancillary facilities amount to EUR 370m (including a EUR 100m capex and acquisition facility) and refinances the previous financing package of EUR 255m m raised in 2019. The financing package comprises bank facilities provided by Credit Agricole CIB, BNPP, Allied Irish Bank, Banca Intesa and Siemens as well as an institutional loan privately placed with funds managed by UBS Asset Management.

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