Ellevio refinances its credit facilities to safeguard the energy transition
Press releases
Ellevio AB (publ) ("Ellevio") has signed an agreement to refinance its credit facilities totalling SEK 11 billion with a group of 13 banks. The agreement will ensure access to loan financing that will enable Ellevio to continue to carry out the extensive electricity network investments needed to enable electrification and the journey towards fossil-free energy.
Ellevio has also increased its credit facilities from SEK 9 billion to SEK 11 billion, which is secured until 2029 with an extension option. The increased credit facilities will enable Ellevio to deliver the anticipated increase in electricity network investments.
“The need for credit facilities increases as Ellevio grows and implements its extensive investment program. The interest from the banks has been great and confirms Ellevio's position as an enabler for the necessary energy transition,” says Jan Seveborg, Head of Treasury at Ellevio.
For more information, please contact:
Sarah Östberg, Head of Financial and Sustainability Communication
+46 709 71 12 40
firstname.surname@ellevio.se
About Ellevio
With almost one million customers, Ellevio is one of Sweden’s largest energy companies. Together with our customers, we take an active role in the journey towards an increasingly electrified society. Our electricity network connects producers and consumers, supports the electrification of transport and industry, and creates opportunities for new climate-smart solutions and more renewable electricity. The Group also offers energy solutions, energy storage, and charging infrastructure. Ellevio has 730 employees, and a total of around 3,000 people work on behalf of Ellevio in total. We are owned by the pension funds OMERS Infrastructure, AP3, Folksam and AMF. Visit our website: ellevio.se/en
Updated: 6 November 2024