Drax Group plc announced that it has completed a new £150 million term-loan facility, comprised of an initial £125 million facility with an optional uncommitted extension of £25 million. The facility, along with the undrawn £258 million term-loan facility signed in February 2024, will be used to refinance 2025 debt maturities. These combined facilities have two tranches maturing in 2027 (?135 million and £145 million) and 2029 (?50 million and £80 million, with an optional uncommitted extension of £25 million) and a customary margin referenced over SONIA (Sterling Overnight Index Average) for sterling loans and over EURIBOR (Euro Interbank Offered Rate) for euro loans.