We are FCC - Nº6

FCC closed a senior secured long- term Investment Grade-rated tran- saction, in its environment branch in the United Kingdom. This was accomplished by, from one side, the issue of £207.3m senior long term investment grade debt, backed by two of its energy from waste (EfW) assets in the United Kingdom: the Allington plant in Kent and Eastcroft facility in Nottingham. Most of the proceeds were used to amortise short-term debt at the hol- ding company (Azincourt and Group FCC Environment (UK) Ltd.). From the other side, and simulta- neously, the remaining of the debt at this level (£89.4m), was refinanced to the end of 2021 by a new syndicated loan, with a reduced group of rela- tionship banks. The total financing on the EfW as- sets includes £145 million in senior FCC finance deal in the UK, increases the business’ scope for expansion in the environment area Backed by two of its energy from waste (EfW) assets in the United Kingdom: the Allington plant in Kent and Eastcroft facility in Nottingham. Allington plant in Kent County (United Kingdom). F C C G R O U P 10 F C C G R O U P