France-headed landfill gas to biomethane (aka renewable natural gas - RNG) technology provider Waga Energy SA has announced that it has signed its inaugural EUR 100 million corporate syndicated loan with a consortium of five banking groups: Groupe BPCE (Natixis, Banque Populaire Auvergne Rhône Alpes, Caisse d’Épargne Rhône Alpes), Groupe Crédit Agricole (Crédit Agricole CIB, Crédit Agricole Sud Rhône Alpes, Crédit Agricole Centre France, Crédit Lyonnais), Arkéa Banque Entreprises et Institutionnels, BNP Paribas, and Société Générale.
This syndicated loan, labeled as a “green loan,” will be used to finance projects that contribute to climate change mitigation, per the European green taxonomy, aligning with decarbonization challenges.
It will accelerate Waga Energy’s international development, particularly in the United States (US), and strengthen the Group’s financial structure.
Raising this financing at the level of the Group parent company illustrates the confidence of our banking partners in the project steered by Waga Energy to serve energy transition. It further reinforces our balance sheet and confirms the strength of our business model based on the construction and operation of assets generating highly predictable cash flows, said Jean-Michel Thibaud, Chief Financial Officer and Deputy CEO at Waga Energy.
Waga Energy was assisted in this transaction by Redbridge Debt & Treasury Advisory (financial advisor) and Jones Day (law firm). The lenders were assisted by Hogal Lovells (law firm).
