BERLIN (dpa-AFX) - Encavis AG (ECV.DE), a German solar and wind park
operator, said on Wednesday that it secured a revolving credit facility for 300
million euros.

The facility until April 30, 2025 will help it to finance the acquisition of
wind and solar projects, the company said in a statement.

Christoph Husmann, CFO of Encavis, said: 'This additional syndicated revolving
credit facility will allow us to make further significant acquisitions in
support of our Accelerated Growth Strategy 2027, also during the pending
transition period related to the completion of the voluntary public tender offer
by the KKR-led consortium.'

The consortium of this syndicated revolving credit facility, led by Cooperatieve
Rabobank U.A., consists of a total of eight banks.



Copyright(c) 2024 RTTNews.com. All Rights Reserved

Copyright RTT News/dpa-AFX