Enviva Announces Tax-Exempt Green Bond Offering

Source: www.gulfoilandgas.com 6/21/2022, Location: North America

Enviva Inc. announced that the Industrial Development Authority of Sumter County, Alabama (the “Issuer”), intends to issue its Exempt Facilities Revenue Bonds (Enviva Inc. Project), Series 2022 (Green Bonds) (the “Bonds” and such offering, the “Tax-Exempt Green Bond Offering” or the “Offering”) in the aggregate principal amount of $250,000,0001. The proceeds of the Offering will be loaned to Enviva pursuant to a Loan and Guaranty Agreement (the “Loan Agreement”) to fund all or a portion of the costs of the acquisition, construction, equipping, and financing of Enviva’s wood pellet production plant to be located in Epes, Alabama (the “Epes plant”) and to pay costs and expenses of the Offering.

Additional Details of Tax-Exempt Green Bond Offering:
• The Borrower’s obligations under the Loan Agreement will constitute a senior unsecured obligation to the Borrower
• Enviva and the Issuer expect to close the transaction on or about July 15, 2022, subject to customary closing conditions
• The Company has designated the bonds as Green Bonds because the proceeds will be used to finance the construction of a fully contracted wood pellet production plant designed to produce a low-carbon, sustainable, renewable, drop-in substitute for fossil fuels to help decarbonize industries and the global economy, consistent with Enviva’s Green Finance Framework. Enviva’s Green Finance Framework, which guides issuances of Green Bonds, was developed in alignment with the Green Bond Principles (2021) as published by the International Capital Markets Association (ICMA) and the Green Loan Principles (2021) published by the Loan Market Association (LMA) and the Loan Syndications and Trading Association (LSTA)

The Bonds have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or under the securities laws of any other jurisdiction, on the basis of the Bonds being exempt securities pursuant to Section 3(a)(2) of the Securities Act.

This news release is neither an offer to sell nor a solicitation of an offer to buy any securities, including the Bonds, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offer or solicitation with respect to the Bonds will be made solely by means of the preliminary official statement.


Argentina >>  8/12/2022 - President Energy, the international energy company announces key highlights from the independently reviewed results from the first six months of the y...
Australia >>  8/12/2022 - Warrego Energy Limited provides the following Appendix 3Y Change of Director’s Interest Notice on behalf of Managing Director and Group CEO, Mr Dennis...

Bermuda >>  8/12/2022 - Second Quarter 2022 Highlights
· Revenue of $247 million
· EBITDA before exceptional items of $20.9 million
· Available liqu...

Singapore >>  8/12/2022 - ? Strong execution of multiple projects contributed to continuing sequential improvement in financial performance
? Net order book crossed S$2.5...


South Africa >>  8/11/2022 - Africa Energy Corp., an oil and gas company with exploration assets offshore South Africa and Namibia, announces financial and operating results for t...
Trinidad and Tobago >>  8/11/2022 - Touchstone Exploration Inc. reports its operating and financial results for the three and six months ended June 30, 2022. Selected information is outl...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.