? €1.7 billion from major investment banks and institutional investors
? First sustainability-linked loan indexed to IDEX’s ESG performance
IDEX, a key player in the local low-carbon
energy market, completed a record financing of 1.7 billion euros from a pool
of lenders, including the four largest French investment banks: BNP Paribas,
Crédit Agricole CIB, Natixis and Societe Generale, as well as institutional
investors Infranity, Axa Investment Managers and Goldman Sachs Asset
Management.
This transaction enables IDEX to refinance its existing debt and sustain its
growth trajectory through a dedicated financing line for investments,
combined with a commitment for an additional tranche of available credit.
These funds will be promptly deployed towards financing IDEX's ongoing
projects, including district heating networks, waste energy recovery units
and industrial energy production units.
Linked to IDEX’s ESG performance metrics, which include the carbon
intensity of energy production, the share of sustainable investments
compliant with European taxonomy and advancements in workplace safety,
this environmentally conscious financing reaffirms IDEX's role as a pivotal
player in the energy transition. It also strengthens the company's strategy to
expedite the rollout of innovative low-carbon solutions.
"In the current economic environment necessitating investor foresight, the
renewed trust from our longstanding financial partners coupled with the
injection of capital from new leading infrastructure investors serve as a
powerful testament of our growth potential in the local low-carbon energy
market. With this substantial backing, we are well equipped to enhance our
competitive edge and extend our support to an even greater number of
clients in their energy transition," said Benjamin Fremaux, IDEX Chairman
and CEO.