Drax Group PLC - Yorkshire, England-based electricity company - Completes a new £150 million term-loan facility, comprising an initial £125 million facility with an optional uncommitted extension of £25 million. This facility, along with the undrawn £258 million term-loan facility signed in February, will be used to refinance 2025 debt maturities. Says these combined facilities have two tranches maturing in 2027 for €135 million and £145 million loans, and in 2029 for €50 million and £80 million loans, with the optional £25 million extension. Says the combined facilities have a customary margin referenced over the sterling overnight index average for sterling loans over Euribor for euro loans.

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