ELLO - Ellomay Capital enters into facilities agreement by Talasol Solar

Ellomay Capital (NYSE:ELLO) announced that Talasol Solar, which owns a photovoltaic plant with installed capacity of 300MW in the municipality of Talaván, Cáceres, Spain and is 51% owned by the company, entered into a Facilities Agreement with European institutional lenders. The facilities agreement provides for the provision of a term loan facility in two tranches - term loan in the amount of €155M for 22.5 years and a term loan in the amount of €20M for 21 years. The total new financing amount will be used by Talasol to repay the current outstanding project finance debt of Talasol in the amount of €121M. The weighted average life of the New Financing is ~11.5 years compared to an original weighted average life of 5.5 years of current financing; new financing bears a fixed annual interest rate at a weighted average of ~3%. Out of the new financing amount, €6.9M will be deposited in Talasol's account as a

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Ellomay Capital enters into facilities agreement by Talasol Solar