14th Sep 2020 14:17
Drax Group PLC - operates Drax power station in North Yorkshire - Enters new infrastructure term loan facilities agreement for a committed total of GBP160 million, with an option to extend by another GBP75 million. Drax says the range of maturities from 2024 to 2030 extends its debt maturity profit. The new facilities has an average interest rate of 2.07%, lowering the company's all-in cost of debt below 4%.
Current stock price: 275.60 pence
Year-to-date change: down 12%
By Tom Waite; [email protected]
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