NEOEN SA (EPA:NEOEN) - Neoen announces the signing of a 200 M€ syndicated loan linked to ESG criteria

Transparency directive : regulatory news

17/03/2020 08:34

MEDIA RELEASE

Paris, March 17, 2020

Neoen announces the signing of a 200 MEUR syndicated loan linked to ESG
criteria

* Neoen SA has agreed its first syndicated loan facility for an amount of 200
  million euros, choosing to index the margin to Environmental, Social and
  Governance (ESG) criteria

* Neoen and its financial partners, led by BNP Paribas, Natixis and Société
  Générale, are thus demonstrating their commitment to positive impact
  finance

Neoen (ISIN: FR0011675362, Ticker: NEOEN), one of the world's leading and
fastest-growing independent producers of exclusively renewable energy,
announces the signing of its first syndicated loan for an amount of 200 million
euros. This financing is made of:
* a 125 million euros amortizing loan, and
* a 75 million euros revolving credit facility.

These two tranches will mature on July 31, 2024. This transaction will
strengthen the Group's financial resources in support of its growth strategy.
In particular, it will contribute to future investments in the development of
new projects.

Neoen chose to link this financing to two ESG criteria which are in line with
its commitments: corruption prevention and an independent ESG rating by Vigeo
Eiris agency. The loan's pricing will be adjusted according to Neoen's ESG
performance, which will be assessed on an annual basis.

Xavier Barbaro, Neoen's Chairman and Chief Executive Officer, commented: " The
success of this first syndication shows our banking partners' confidence in the
robustness of Neoen's business model. This transaction, concluded under
favourable conditions, will contribute to financing our growth. It also shows
our willingness to combine both financial performance, environmental
exemplarity and social responsibility. We are proud to give shape, thanks to
our projects, to a sustainable finance model. "

This transaction, heavily oversubscribed, has attracted 14 banks (1). BNP
Paribas, Natixis and Société Générale acted as Mandated Lead Arrangers and
Bookrunners and Coordinators in this transaction.
Natixis also acted as Sustainability Coordinator, Documentation Agent and
Facility Agent.

(1) BNP Paribas, CIC Est, Crédit Lyonnais, HSBC France, Natixis, Société
Générale, Banque Neuflize OBC, Barclays Bank Ireland PLC, Arkea Banque
Entreprises & Institutionnels, Banque Palatine, Caisse d'Epargne CEPAC, Caisse
Régionale de Crédit Agricole Mutuel d'Aquitaine, Crédit du Nord et La Banque
Postale

The legal firms De Pardieu Brocas Maffei and Hogan Lovells respectively acted
as Legal Advisors to Neoen and to the banks.

About Neoen

Neoen is one of the world's most dynamic independent producers of renewable
energy. With a capacity close to 3 GW in operation or under construction, Neoen
is a high-growth company. Neoen is notably active in France, Australia, Mexico,
El Salvador, Argentina, Finland, Portugal, Ireland, Zambia, Jamaica and
Mozambique. In particular, Neoen operates France's most powerful solar PV farm
(300 MWp) in Cestas, and the world's largest lithium-ion power reserve (150
MW/193.5 MWh storage capacity) in Hornsdale, Australia. Neoen is targeting more
than 5 GW capacity in operation or under construction by end of 2021. Neoen
(ISIN Code: FR0011675362, ticker: NEOEN) is listed in Compartment A of the
regulated market of Euronext Paris.

For more information: www.neoen.com

Investors

Neoen

Delphine Deshayes
+33 6 69 19 89 92
delphine.deshayes@neoen.com

Press

OPRG Financial

Isabelle Laurent
+33 1 53 32 61 51
isabelle.laurent@oprgfinancial.fr

Fabrice Baron
+33 1 53 32 61 27
fabrice.baron@oprgfinancial.fr

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NEOEN SA (EPA:NEOEN) - Neoen announces the signing of a 200 M€ syndicated loan linked to ESG criteria

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