Refinancing the existing debt and financing 100% of IED investments
Today, Albioma Le Moule has raised long-term bank financing (13 years) of €115 million under excellent conditions with a pool of credit institutions led by the BNP Paribas group.
The Albioma subsidiary which operates one of the Group's two thermal plants in Guadeloupe will thereby refinance its existing debt by the end of the year and will be able to ensure financing of its IED investments (€85 million over the 2018-2019 period) without using its own equity.
Next on the agenda: annual results for the 2017 financial year, on 7 March 2018 (before trading).
About Albioma
Albioma is an independent energy producer and world leader in the conversion of biomass into a highly-effective source of energy, in collaboration with its agri-business partners. For more than 20 years, Albioma has operated power plants recovering bagasse, a fibrous by-product of sugar cane, replaced by coal outside the sugar cane harvest. Its unique expertise has enabled Albioma to establish itself as an indispensable partner in the sugar and ethanol industry in the French overseas territories and Mauritius. Albioma is now developing power plants using only biomass, which recover, in addition to bagasse, green waste and wood industry residue. The Group also operates a highly-efficient photovoltaic installation. In 2014, the Group, which already had a presence in mainland France, the French overseas territories and Mauritius, began operating in Brazil, the world's leading sugar cane producer.
For further information, please visit www.albioma.com
Investor contacts
Julien Gauthier+33 (0)1 47 76 67 00
Media contacts - LPM Strategic Communications
Luc Perinet-Marquetlperinet@lpm-corporate.com
+33 (0)1 44 50 40 35
Albioma shares are listed on Euronext Paris (sub B) and eligible for the deferred settlement service (SRD) and PEA-PME plans.
ISIN FR0000060402 - Ticker: ABIO
