Enviva announces closing of term loan facility

Bethesda, md.--( business wire )--enviva inc. (nyse: eva) (“enviva,” “our,” “we,” or the “company”) today announced the closing of a senior secured term loan facility (the “term loan”) in the amount of $105 million, maturing in june 2027. borrowing rates under the term loan are variable and calculated as sofr plus 400 basis points. enviva intends to use the net proceeds from the term loan to reduce borrowings under its senior secured revolving credit facility.
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