Waga Energy the world leader in renewable natural gas (RNG) production
on landfills, signed an inaugural €100 million corporate syndicated loan with a consortium
of 5 banking groups.
The syndicated loan, with a 3-year maturity extendible to 5 years, will enable the
acceleration of the international development of Waga Energy notably in the United
States, and will strengthen the Group’s financial structure.
This loan labelled as “green” will be used to finance projects that make a substantial
contribution to climate change mitigation, in compliance with the European green
taxonomy, and in line with decarbonization challenges.
This transaction was largely oversubscribed by a pool of 5 institutions: Groupe BPCE
(Natixis, Banque Populaire Auvergne Rhône Alpes, Caisse d’Épargne Rhône Alpes),
Groupe Crédit Agricole (Crédit Agricole CIB, Crédit Agricole Sud Rhône Alpes, Crédit
Agricole Centre France, Crédit Lyonnais), Arkéa Banque Entreprises &
Institutionnels, BNP Paribas and Société Générale.
Natixis is acting as Documentation Agent and Loan Agent while Crédit Agricole CIB and
Crédit Agricole Sud Rhône Alpes act as “green” coordinators.
Jean-Michel Thibaud the group's Chief Financial Officer and Deputy Chief Executive
Officer declared: “Raising this financing at the level of the Group parent company
illustrates the confidence of our banking partners in the project steered by Waga Energy
to serve energy transition. It further reinforces our balance sheet and confirms the
strength of our business model based on the construction and operation of assets
generating highly predictable cash flows”.
Waga Energy was assisted in this transaction by Redbridge Debt & Treasury Advisory
(financial advisor) and Jones Day (law firm). The lenders were assisted by Hogal Lovells
(law firm).
