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VIRIDIAN ANNOUNCES THE COMPLETION OF ITS REFINANCING
 
LONDON—Monday, September 25, 2017
 
Viridian (“Viridian” or the “Group”) today announces the successful conclusion of its debt refinancing, which optimises its capital structure, reduces costs and extends maturities.

In total, Viridian Group FinanceCo PLC and Viridian Power and Energy Holdings DAC (the “Issuers”) have issued £225 million aggregate principal amount of their 4.75% Senior Secured Notes due 2024 and €350 million aggregate principal amount of their 4.00% Senior Secured Notes due 2025.  Proceeds from these issuances, together with amounts received in relation to the settlement of certain forward foreign exchange contracts and cash on balance sheet, have allowed the Group (i) to redeem in full the outstanding €540,000,000 aggregate principal amount of 7½% Senior Secured Notes due 2020 issued by Viridian Group FundCo II Limited, an indirect parent of the Issuers and (ii) to pay a dividend in the amount of £60 million to Viridian Topco Limited, an indirect Parent of the Issuers.


Forward-Looking Statements
 
This press release may include forward-looking statements. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms “believes, ‟estimates”, ‟anticipates”, “expects, ‟intends”, ‟may”, ‟will” or “should” or, in each case, their negative, or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts and include statements regarding Viridian or its affiliates’ intentions, beliefs or current expectations concerning, among other things, Viridian or its affiliates’ results of operations, financial condition, liquidity, prospects, growth, strategies and the industries in which they operate. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Readers are cautioned that forward-looking statements are not guarantees of future performance and that Viridian or its affiliates’ actual results of operations, financial condition and liquidity, and the development of the industries in which they operate may differ materially from those made in or suggested by the forward-looking statements contained in this press release. In addition, even if Viridian or its affiliates’ results of operations, financial condition and liquidity, and the development of the industries in which they operate are consistent with the forward-looking statements contained in this press release, those results or developments may not be indicative of results or developments in subsequent periods.

 
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