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EDF signs additional bank loans for 2.2 billion euros

Written Nov 29 2022, at 09.15

PARIS (Agefi-Dow Jones)–Electricity producer EDF announced on Tuesday that it had entered into bilateral loans totaling 2.2 billion euros with a group of six banks.

“These facilities have a term of three years and do not include any prepayment penalty,” EDF said in a statement. These loans will be “drawn in December 2022”, specified the electrician.

“This operation, as well as the green loan of one billion euros entered into with CACIB and fully drawn on 31 October 2022, makes it possible to increase the group’s financial flexibility in the coming years”, explained EDF.

The loan entered into with Crédit Agricole CIB is solely dedicated to financing the maintenance of EDF’s existing nuclear fleet in France.

-Alice Doré, Agefi-Dow Jones; +33 (0)1 41 27 47 90; ed: VLV

Agefi-Dow Jones The financial newswire

Dow Jones Newswires

November 29, 2022 03:15 ET (08:15 GMT)

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