DGAP-Adhoc: Pacifico Renewables Yield AG: 35 million debut green loan signed

Pacifico Renewables Yield AG: 35 million debut green loan signed

Gruenwald (26.02.2022/10:55) - Today, Pacifico Renewables Yield AG (ISIN: DE000A2YN371, Dusseldorf Stock Exchange: PRY, together with its subsidiaries "Group") through a subsidiary signed a 35 million debut secured green loan private placement with UBS Asset Management. The fixed interest rate of the green debt instrument equals 4.85% and the tenor of the financing is five years from signing with a bullet repayment.

Roughly 26 million of the loan will be used to refinance existing debt, thereby optimizing the Group's capital structure. Approximately 9.3 million thereof will be used to refinance an existing subordinated debt facility with an interest rate approximately 1% higher than the new financing. Further 16.5 million will be used to refinance the Group's existing revolving credit facility, thereby replacing a short-term facility with a longer term loan facility. The remainder of the net proceeds will be used to finance the further build-out of the Group's existing portfolio and new acquisitions. All net proceeds from the green loan will be used to finance and/or refinance investments in eligible green projects as described in Section 2.1 of the Group's Green Finance Framework.

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This announcement may contain certain forward-looking statements, estimates, opinions, and forecasts concerning the future business situation, earnings situation, and results of Pacifico Renewables Yield AG ("forward-looking statements"). Forward-looking statements can be identified by words such as "believe", "estimate", "anticipate", "expect", "intend", "will", or "should" and their negation and similar variations or comparable terminology. Forward-looking statements include all matters that are not historical facts. Forward-looking statements are based on the current opinions, forecasts and assumptions of the management board of Pacifico Renewables Yield AG and involve significant known and unknown risks and uncertainties, therefore actual results, performance and events may differ materially from those expressed or implied by forward-looking statements. Forward-looking statements contained herein should not be construed as guarantees of future performance or results and are not necessarily reliable indicators of whether or not such results will be achieved. The forward-looking statements contained in this release are only valid on the date of this publication. Pacifico Renewables Yield AG will not update the information, forward-looking statements or conclusions contained in this release in light of subsequent events or circumstances, nor will it reflect subsequent events or circumstances or correct inaccuracies that arise after the date of this release as a result of new information, future developments or otherwise, and the company does not assume any obligation to do so. The company does not assume any responsibility whatsoever that the forward-looking statements or assumptions contained herein will occur.