Enea signed a deal on a PLN 2.5 billion loan facility with a cosortium of banks, comprising state-controlled lenders PKO BP, BGK, Pekao, Alior, as well as the Polish branch of Bank of China (Europe), the company said in a market filing. The facility includes a PLN 1.5 bln term loan that can be used for distribution and renewables investments and a PLN 1 bln revolving loan with more relaxed allocation terms but barring financing or refinancing coal-related investments. The facility is granted for 5 years with an extension option for up to 2 years.

Interest on the loan will be varaible, with the margin depending on the net debt to EBITDA ratio as well as in case of the term loan on meeting ESG goals, the filing shows.