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Drax Group Unit Prices EUR1 Billion Senior Secured Notes Offering

MT Newswires·11/12/2026 03:39:01
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03:39 AM EST, 11/12/2026 (MT Newswires) -- Drax Group (DRX.L) subsidiary Drax Finco priced its offering of 1 billion euros of 5.875% senior secured notes with a term of 5.5 years. The renewable energy company said Thursday the notes will be issued at a price equal to the principal amount. Proceeds from the offering will be used primarily for debt repayment and general corporate expenditures.