Pacifico Renewables Yield AG signed a €35 million debut secured green loan private placement with UBS Asset Management. The fixed interest rate of the green debt instrument equals 4.85% and the tenor of the financing is five years from signing with a bullet repayment. Roughly €26 million of the loan will be used to refinance existing debt, thereby optimizing the Group's capital structure.

Approximately €9.3 million thereof will be used to refinance an existing subordinated debt facility with an interest rate approximately 1% higher than the new financing. Further €16.5 million will be used to refinance the Group's existing revolving credit facility, thereby replacing a short-term facility with a longer term loan facility. The remainder of the net proceeds will be used to finance the further build-out of the Group's existing portfolio and new acquisitions.