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EDP Serviço Universal, S.A., a company wholly owned by the EDP Group, agreed the assignment, by means of a true sale without recourse to Tagus – Sociedade de Titularização de Créditos, S.A., of a portion of the 2014 Tariff Deficit, and respective interest, for an amount of EUR 500 million.
StormHarbour Securities LLP has been mandated as sole arranger and Joint Lead Manager and Banco Santander Totta S.A., Deutsche Bank AG, London Branch and J.P. Morgan have been mandated as Joint Lead Managers for the securitization transaction of credit rights held by EDP Serviço Universal, S.A. in relation with the deferment of the recovery of the over costs of 2014 with the activity of acquisition of electricity to special regime generators. The amount owed to EDP Serviço Universal, S.A. is currently of around EUR 1.25 billion.
EDP – Energias de Portugal (EDP) has signed a five-year credit facility in the amount of €2,000,000,000 with a group of 16 domestic and international banks.
The ANEEL approved the extraordinary tariff reviews for both EDP Bandeirante and EDP Escelsa, to be applied as of March 2nd, 2015. The tariff repositioning was set at 32.18% for EDP Bandeirante and 33.27% for EDP Escelsa.
Today, Moody’s upgraded EDP to “Baa3” from “Ba1”. The assigned outlook on all ratings is stable.
José de Mello Energia, SA notified EDP regarding the sale, over the counter, in a particular offer addressed to qualified investors, of 73,249,881 shares corresponding to 2.00% of the share capital and voting rights of EDP. The change in participation was due to an accelerated book building occurred on January 29th, 2015.
No seguimento da informação prestada ao mercado em 16 de Dezembro de 2014, relativamente ao acordo alcançado com a Redexis Gas, S.A., a EDP, através da sua subsidiária no negócio do gás em Espanha, concluiu a venda dos activos detidos pela Gas Energía Distribucion Murcia, parte integrante do perímetro de transacção acordado. O montante recebido hoje por estes activos ascende a 186 milhões de euros, resultando numa mais valia de c. 78 milhões de euros.
Today, Standard & Poor's Ratings Services affirmed its ‘BB+’ long-term and ‘B’ short-term corporate credit ratings on EDP and revised the outlook from stable to positive.
On January 22th, 2015, Senfora S.AR.L. notified EDP that transmitted, on January 21, 2015, over the counter, to Senfora BV, 148,431,999 ordinary shares, representing 4.06% of the share capital and voting rights of EDP.
Today, Fitch Ratings has affirmed EDP and EDP Finance B.V.’s “BBB-” Long-term Issuer Default Ratings (“IDR”) and senior unsecured ratings and “F3” Short-term IDR. Fitch also maintained its outlook at stable.
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