Waga Energy increases its green syndicated loan
France-headed landfill gas (LFG) to renewable natural gas (RNG) technology provider Waga Energy SA has announced that it has increased the amount of its EUR 100 million corporate syndicated loan signed in July 2024 by EUR 24 million.
According to a statement, the total syndicated loan amount now stands at EUR 124 million, with conditions remaining identical to those initially negotiated.
Four banks and debt funds subscribed to the transaction. Arkéa Banque Entreprises et Institutionnels and Banque Populaire Auvergne Rhône Alpes – both members of the initial banking consortium – as well as CIC Private Debt through its CIC Transition Infra Debt 2 Fund and CIC Lyonnaise de Banque, which joined the transaction on this occasion.
This syndicated loan, labeled as a “green loan,” will be used to finance projects that make a substantial contribution to climate change mitigation in compliance with the European Green Taxonomy.
This increase will support Waga Energy’s accelerated international development, as the company is currently constructing 19 production units in France, Spain, Italy, Canada, and the United States.
I would like to thank Arkéa Banque Entreprises et Institutionnels and Banque Populaire Auvergne Rhône Alpes for their renewed trust, as well as CIC Private Debt and CIC Lyonnaise de Banque for joining the banking pool established last year. The extension of this syndicated loan demonstrates our banking partners’ confidence in our ability to generate predictable cash flows over time through our biomethane production projects, said Jean-Michel Thibaud, Group CFO and Deputy CEO of Waga Energy.
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