PPC S.A. announces that on September 25, 2026 it successfully completed a receivables securitization transaction (the “Program”), securing funds amounting to €675 million, following the repayment of the previous receivables securitization programs.
Within the framework of the Program, PPC acts as seller of receivables (Seller), servicer of receivables (Servicer) and junior noteholder (Junior Noteholder). The portfolio supporting the transaction consists of receivables arising from low- and medium-voltage electricity supply contracts, as well as natural gas.
The special purpose company PPC Rhea DAC acting as the issuer of the transaction proceeded with the issuance of senior notes (Senior Notes).
Investors in the senior notes (Senior Noteholders) are Deutsche Bank AG and Eurobank S.A. Qualco Intelligent Finance S.A. acts as Sub-Servicer, while the Note Trustee and Security Trustee is Citibank N.A., London Branch.
The transaction provides for an initial revolving period of two years, with the possibility of extension for an additional two years, and an initial maturity of the securities in 2031. The financing is non-recourse to PPC S.A.