Waga Energy signs its first green syndicated loan of 100 million euros

Waga Energy, a global specialist in the production of biomethane on waste storage sites, has signed a green syndicated loan of 100 million euros with a consortium of five banks. This loan, with an initial duration of 3 years extendable to 5 years, will help accelerate the international development of the company, particularly in the United States, and strengthen its financial structure.

This credit, in line with the European green taxonomy, will be used to finance projects aimed at mitigating climate change. The loan was largely oversubscribed by institutions such as Groupe BPCE, Groupe Crédit Agricole, Arkéa Banque Entreprises et Institutionnels, BNP Paribas, and Société Générale.

Jean-Michel Thibaud, financial director of Waga Energy, underlined the confidence of their banking partners in the company's energy transition project. Redbridge Debt & Treasury Advisory and Jones Day advised Waga Energy on the transaction, while Hogan Lovells advised the lenders.