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Green Evaluation: Greenalia S.A. €25 Million Note Program, April 9, 2019

Greenalia S.A. is seeking to borrow up to €25 million under a note program valid until July 26, 2019, to fund the equity portion of wind power and biomass projects in Spain. The notes can be issued in euros or in any other currencies, up to a maximum maturity of 120 months. They will rank pari passu with each other. The program's proceeds are expected to partly fund greenfield wind power and biomass projects located in Spain. Construction completion is scheduled between 2019 and 2021. Greenalia is a group of companies with more than 20 years of experience. Its origins were in the forestry sector and later expanded to the energy sector, and biomass in particular. In recent years, the group has also become involved in other sources of renewable energy such as wind power. The activities of Greenalia take place mainly in the northwest of the Iberian Peninsula.

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