Genoa, 30 June 2017 - ERG Eolica Fossa del Lupo S.r.l., ERG Eolica Amaroni S.r.l. ed ERG Eolica Basilicata S.r.l. (fully owned by ERG Power Generation S.p.A.), today signed a facilities agreement on a multi-borrower non-recourse portfolio basis . The three companies concerned with the transaction own three wind farms located in the Calabria and Basilicata Regions with an overall installed capacity of 154 MW entered into operation between 2011 and 2013.

This transaction, in view of the excellent operational financial performance of the above mentioned wind farms, has made it possible to refinance the existing project finance loan agreements executed between 2012 and 2014 at significantly improved economic terms and conditions, with an over 50% reduction in interest rate margin compared to the terms originally applicable.

The facilities agreement, for an amount of Euro 145 million and a tenor of 10.5 year, has been signed by Crédit Agricole CIB Milan Branch as Coordinating & Structuring Bank and Mandated Lead Arranger, by BNP Paribas (CIB Italy) and by ING Bank N.V.- Milan Branch as Mandated Lead Arrangers and by UBI Banca S.p.A as Mandated Lead Arranger and facilities agent. Crédit Agricole Carispezia acted as Account Bank.

Contacts:

Sabina Alzona Head of Media Relations - tel. + 39 010 2401804 cell. + 39 340 1091311
Emanuela Delucchi IR Manager - tel. + 39 010 2401806 - e-mail: edelucchi@erg.eu - ir@erg.eu
Matteo Bagnara IR - tel. + 39 010 2401423 - e-mail: ir@erg.eu www.erg.eu - @ergnow

ERG S.p.A. published this content on 30 June 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 30 June 2017 12:31:16 UTC.

Original documenthttp://www.erg.eu/en/media/press-releases?detail=345177

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