02 April 2024

Elia Group secures take out financing through a senior secured loan

Elia Group announces the successful securing of a €300 million term loan, with a maturity of 3 years and a floating interest rate tied to the Euribor. The loan has been fully hedged, resulting in a fixed cost of debt of 3.5033%.

As previously mentioned, on 1 February 2024 Elia Group completed the acquisition of a minority interest in energyRe Giga Projects (“energyRe Giga”). The Group is projected to invest US$400 million into energyRe Giga. On completion, an initial amount of US$250 million was invested (of the US$400 million projected total investment) which was funded with a bridge facility. The term loan will be used to refinance the amounts outstanding under the bridge facility and for general corporate purposes. As its investment progresses, Elia Group's equity stake in energyRe Giga will gradually increase, with a view to reaching 35.1% once the total sum of US$400 million will be fully invested.

This achievement marks another milestone for Elia Group, underscoring our commitment to prudent financial management and strategic growth.


Yannick Dekoninck
Head of Capital Markets
Boulevard de l'Empereur 20 B-1000 Brussels                             
Stéphanie Luyten
Head of Investor Relations
Boulevard de l'Empereur 20 B-1000 Brussels                         
Maryline Vaeremans
Investor Relations Analyst
Boulevard de l'Empereur 20 B-1000 Brussels
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