Business
Audax Renovables S A : strengthens its financial flexibility with a €75 million revolving credit facility
Audax Renovables S A : strengthens its financial flexibility with a €75 million revolving credit
About this update from Acciona Sa
The transaction aims to progressively reduce short-term financial debt, primarily commercial paper, while optimising the Group's liquidity position The facility has been arranged with a syndicate of seven financial institutions and complements the recent €350 million senior bond issuance Badalona, July 9, 2026. Audax, the energy group operating in nine countries, has signed a €75 million Revolving Credit Facility (RCF) with an initial maturity of three years. The transaction marks another milestone in Audax's strategy to optimise its capital structure and liquidity management, complementing the recent refinancing of its long-term debt through the issuance of €350 million in senior bonds. The funds available under the revolving credit facility may be used for the Group's general corporate and working capital purposes. However, Audax intends to maintain the facility primarily as a liquidity backstop rather than as a recurring source of funding. The objective of the transaction is to use cash currently held in bank accounts for prudential purposes to progressively repay short-term financial debt, primarily commercial paper, while keeping the facility available as a liquidity backstop. The financing has been provided by a syndicate of seven financial institutions: ABN AMRO Bank, BNP Paribas, Deutsche Bank, Goldman Sachs, HSBC Continental Europe, Banco Santander and Banca March, acting as Global Coordinators and Original Lenders. ABN AMRO Bank N.V. will serve as Facility Agent. Óscar Santos, Chief Executive Officer of Audax, said: "With this transaction, we continue to execute our strategy of strengthening the Group's financial position. The combination of our recent senior bond issuance and this new revolving credit facility provides greater flexibility to manage liquidity, progressively reduce short-term financing and continue supporting Audax's growth from an even stronger financial position". Alantra acted as financial adviser on the transaction, while Garrigues served as legal adviser to the Company. About Audax Audax is the energy company that helps people and businesses make the most of their energy. We are a vertically integrated energy group whose main activities focus on the retail of electricity and gas, offering energy efficiency solutions, as well as the production of renewable electricity through wind and solar technology. With operations in 9 countries and more than 800 professionals, we supply electricity and gas to over 483 thousand customers and manage a renewable generation portfolio of more than 1 GW of installed capacity. We are listed on the stock exchange and have a solid financial position. We are based on three pillars: tailor-made solutions based on data, proven solvency and a commitment to transparency. We are energy managers: we transform complexity into something simple and efficient, so that customers can focus on what really matters.