The energy sector on the island of Ireland is undergoing an unprecedented transformation. The global drive to decarbonise existing energy demand through electrification together with new economic growth, particularly in the technology sector, is set to accelerate an increase in electricity demand from renewables and underpin a sustainable and thriving economy.
Our integrated business model has ensured that our financial performance remains strong allowing us to secure long-term finance to match our ambitious renewable energy investment plans.
Summary of FY24
Refinancing of Senior Secured Notes and Revolving Credit Facility
On 31 July 2023, the Group successfully completed the full refinancing of its €350m 4.0% Senior Secured Notes due in September 2025 and its £225m 4.75% Senior Secured Notes due in September 2024, replacing them with €600m 6.875% Senior Secured Notes due in July 2028.
At the same time, the Group also put in place a new €450m Senior Revolving Credit Facility maturing in April 2028 (previously £305m facility).
