9 December 2015
Drax Group plc
("Drax" or the "Company"; Symbol:DRX)
Revolving Credit Facility Refinancing Completed
Drax is pleased to announce that it has completed the refinancing of its revolving credit facility.
The new £400 million facility matures in December 2019 and has a margin of 175 basis points over LIBOR. It replaces the existing £400 million facility (margin of 225 basis points over LIBOR).
Drax has also successfully renewed its commodity trading facility, which allows the Company to transact prescribed volumes of commodity trades without the requirement to post collateral.
Enquiries:
Drax Investor Relations: Mark Strafford
+44 (0) 1757 612 491
Media:
Drax External Communications: Andrew Brown
+44 (0) 7721 513 777
Website: www.drax.com
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