Atlantica Closes its Green Private Placement
The Green Private Placement has a 6-year tenor and bears a coupon of 1.96% per annum, payable on a quarterly basis. With the closing of this transaction, Atlantica strengthens its financial position and achieves cost improvements, including:An expected cost improvement of ~$10 million2 per annum starting in 2021;Approximately 3-years average tenor extension compared with 2017 NIFA; andA natural hedge for Cash Available for Distribution generated in Euros.“Closing this transaction has been very important for Atlantica, as it allows us to significantly reduce our financing cost while extending maturities in a context of high volatility in the financial markets”, said Santiago Seage, Atlantica’s CEO. He added: “We have been able to leverage on our strong ESG focus to issue our first green bond, hence demonstrating our leading position in ESG”.The Green Bond was issued in compliance with 2018 Green Bond Principles. As a reminder, the methodology for the fund allocation process is defined in the “Framework” designed for green bond issuances and it is available in Atlantica’s website. The issuance was made with the support of an unqualified Second Party Opinion delivered by Sustainalytics, also published in Atlantica’s website.About AtlanticaAtlantica Yield plc is a sustainable infrastructure company that owns a diversified portfolio of contracted renewable energy, efficient natural gas, electric transmission and water assets in North & South America, and certain markets in EMEA (www.atlanticayield.com).