Drax’s financing needs are met through a combination of syndicated bank financing and the wholesale capital markets.
Notices
20 August 2024 - New sustainability-linked £450 million revolving credit facility
2 May 2024 - Notice of Partial Cancellation of Senior Secured Notes due 2025
19 April 2024 - Notice of Redemption of Senior Secured Notes due 2025
18 April 2024 - Pricing of offering of Senior Secured Notes due 2029
16 April 2024 - Fixed income investor calls
4 April 2024 - New £150 million term-loan facility
26 February 2023 - Drax Group plc, the ultimate parent of Drax Finco plc, has today announced its full year results for the twelve months ended 31 December 2022
24 February 2022 - Drax Group plc, the ultimate parent of Drax Finco plc, has today announced its full year results for the twelve months ended 31 December 2021
25 February 2021 - Drax Group plc, the ultimate parent of Drax Finco plc, has today announced its full year results for the twelve months ended 31 December 2020
19 November 2020 - New ESG RCF and Financing Update
6 November 2020 - Notice of Redemption of Senior Secured Notes due 2022
6 November 2020 - Notice of Redemption of Senior Secured Notes due 2022
21 October 2020 - Pricing of offering of Senior Secured Notes due 2025
19 October 2020 - Fixed income investor calls
14 September 2020 - Infrastructure debt facility: extended maturity profile, reduced cost of debt
12 June 2020 - £125 million ESG facility extended to 2025
27 February 2020 - Drax Group plc, the ultimate parent of Drax Finco plc, has today announced its full year results
17 May 2019 - Completion of offering of senior secured notes due 2025
3 May 2019 - Pricing of offering of senior secured notes due 2025
29 April 2019 - Launch of offering of senior secured notes due 2025
26 February 2019 - Drax Group plc, the ultimate parent of Drax Finco plc, has today announced its full year results for the twelve months ended 31 December 2018
2 January 2019 - Drax Group plc, the ultimate parent of Drax Finco plc, is pleased to announce that it has completed the acquisition of Scottish Power's portfolio of pumped storage, hydro and gas-fired generation, which comprises Scottish Power Generation Group and its wholly owned subsidiary, SMW.
21 December 2018 - Drax Group plc, the ultimate parent of Drax Finco plc, is pleased to announce the results of the resolution put to its General Meeting held today, Friday 21 December 2018 with respect to the proposal to acquire Scottish Power’s portfolio of pumped storage, hydro and gas-fired generation assets.
3 December 2018 – Drax Group plc, the ultimate parent of Drax Finco plc, has today announced that it has reached agreement with Iberdrola on revised terms for the acquisition of Scottish Power’s portfolio of pumped storage, hydro and gas-fired generation at the previously agreed price of £702 million in cash (the “Acquisition”), subject to Drax Group plc shareholder approval
27 April 2018 - Satisfaction of the conditions for the redemption in full of senior secured floating rate notes due May 2022
13 April 2018 - Pricing of offering of senior secured notes due November 2025 to redeem in full senior secured floating rate notes due May 2022
6 April 2018 - Launch of offering of senior secured notes due 2025 to redeem in full senior secured floating rate notes due 2022
Bonds issued
5 7/8 EUR Senior Secured Notes due 2029
2 5/8 Senior Secured Notes due 2025
