ACWA POWER Co. announced the dry financial close of a USD 470 million senior loan facility, denominated in USD and being raised from the local bank market with a tenor of 12.5 years maturing in 2034, the proceeds of which would be utilized by its subsidiary Rabigh Arabian Water & Electricity Company for various financial commitments including financing expenses and for general corporate purposes including distribution of dividends. The facility is expected to be drawn down before the end of February 2022.