Ellomay Capital Subsidiary Gets Financing for Italian Solar Projects

MT Newswires Live

2024-09-09

Ellomay Capital Subsidiary Gets Financing for Italian Solar Projects

Ellomay Capital (ELLO) said Monday its Ellomay Holdings Luxembourg subsidiary secured financing for its portfolio of 198-megawatt solar projects in Italy by entering a commitment letter and term sheet with a European institutional investor for up to 110 million euros ($121.4 million).

The lender will provide Ellomay Luxembourg a non-recourse merchant loan through senior secured notes which can be drawn in multiple installments, with final repayment 23 years after closing, the company said.

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