Drax Group £900 million refinancing

Investment grade bond/note issue, Refinancing

£ 550 million

$ 712 million




  • Drax Group has undertaken a refinancing through a £550 million senior secured notes issue and an amendment and restatement of existing senior facilities.
  • The notes issue by Drax Finco, Drax's indirect owned subsidiary, is made up of a £350 million in 4.25% senior secured notes due 2022 and £200 million floating rate senior secured notes due 2022 issued on the Luxembourg Stock Exchange.
  • The company also amended an existing £400 million credit facility, making £350 million available to Drax Corporate.

Katrin Kostadinova - Data analyst

Continue reading...

New to IFLR1000?

Register today for FREE:

  • Understand market dynamics, with data broken by deal type and more
  • Access law firms and lawyers involved in deals
  • Gain unique insight into lawyers recent work

Sign in