Envision Energy has entered into a $0.5 billion sell-side financing agreement with BBVA CIB, which will focus on supporting the company’s global expansion in Europe, Asia and Latin America. Envision Energy said that the financing will directly serve its business growth needs in the above-mentioned regions.
it is reported that the seller’s financing plan adopts a flexible structure, and the core is to provide targeted support to customers through diversified financing tools, improved working capital management and extended payment terms. With this framework, financing opportunities can be explored early in project development, while providing consulting services throughout the project life cycle, and financing solutions that meet the needs of the project can not only ease the client’s financial constraints, but also further Promote Envision Energy’s global business expansion.
In fact, Envision Energy had a previous financing arrangement, signing a sustainable development-related syndicated loan equivalent to US $0.6 billion in Hong Kong, of which BBVA was one of the lead arrangers.
Henry Peng, senior vice president of Envision Energy and president of Europe and Latin America, said that the plan will not only optimize the company’s working capital, but also help the company’s renewable energy technology to land faster in key markets. Eva Rubio, head of global transaction banking at BBVA CIB, pointed out that the cooperation not only reflects the confidence in the vision energy credit qualification and its technical support for the global energy transition, but also will further strengthen the support for the company’s international expansion.
