Drax Group PLC has successfully completed the refinancing of its revolving credit facility (RCF) with a new sustainability-linked £450 million facility that matures in 2027, with options to extend by two years. This facility provides additional liquidity and replaces the current £300 million RCF, which is undrawn for cash and matures in 2026. The new facility has a margin grid referenced over SONIA (Sterling Overnight Index Average) with adjustments linked to certain Scope 1, 2, and 3 carbon emissions based on the Group's 2030 SBTi targets.

In addition to the new RCF, Drax has also completed a £50 million term-loan facility, which matures in 2028 with a one-year extension option. This term-loan will be used for general corporate purposes and has a customary margin referenced over SONIA.

The new facility includes two one-year extension options subject to lender consent, and the term-loan facility is also subject to lender consent.

For further information, Drax Investor Relations can be contacted at +44 (0) 7730 763 949, and for media inquiries, Drax External Communications can be reached at +44 (0) 0771 267 0888. More details can be found on the company's website at www.drax.com.