Drax Group PLC has successfully secured a new £150 million term-loan facility, consisting of an initial £125 million facility with an optional uncommitted extension of £25 million. This facility, in addition to the undrawn £258 million term-loan facility signed in February 2024, will be utilized to refinance 2025 debt maturities. The combined facilities have two tranches maturing in 2027 and 2029, with a customary margin referenced over SONIA for sterling loans and over EURIBOR for euro loans. The 2027 tranche comprises €135 million and £145 million, while the 2029 tranche includes €50 million and £80 million, with an optional uncommitted extension of £25 million.

For further information, Drax Investor Relations can be contacted at +44 (0) 7730 763 949, and Drax External Communications at +44 (0) 0771 267 0888. More details can be found on their website at www.drax.com.