NEOT GREEN MOBILITY refinances €170 million of debt with   MUFG, La Banque Postale and LBP AM

Neot Green Mobility (NGM), a platform dedicated to financing low-carbon mobility solutions, announces the refinancing of €170 millions of its debt with two banking institutions Mitsubishi UFJ Financial Group (MUFG) and La Banque Postale as well as asset manager LBP AM, a subsidiary of the latter.

Three leading partners

Three leading partners have taken part in this transaction: two banking institutions, MUFG and La Banque Postale as well as LBP AM, the latter's asset management subsidiary. This refinancing consists of a long-term and non-recourse debt facility structured as a portfolio combining project and asset financings, denominated in several currencies

A strategic refinancing

This transaction follows the revolving credit facility set up at the launch of NGM. It enables the platform to optimize its debt conditions while securing the long-term financing of its operational assets, thereby strengthening its financial structure and capacity to sustainably support the growth of its activities

A renewed vote of confidence in the NGM model

This transaction demonstrates the confidence of NGM’s partners in its business model and will allow the platform to continue financing electric mobility fleets – including buses, coaches, trucks, cars, charging stations and boats – across several European countries.

“This long-term refinancing confirms the relevance and resilience of our model, while underlining its attractiveness to new banking and asset management partners. It illustrates the trust in Neot Green Mobility and bolsters our goal of becoming a European leader in low-carbon transport finance.” said Philippe Ringenbach, CEO of Neot Green Mobility.

“We are pleased to support Neot Green Mobility in this strategic refinancing, which will enable them to accelerate the deployment of zero and low-carbon transport solutions across Europe. MUFG’s commitment reflects our confidence in NGM’s robust model and aligns with our own ambition to drive sustainable infrastructure development through innovative financing structures." said Guillaume Leprieur (MUFG Head of Structured Finance for EMEA, France) 

“La Banque Postale is proud to support NGM once again, with this first long-term refinancing – a strategic milestone in the continued development of the company in France and Europe. We are also delighted to be joined in this deal by LBPAM, which shares our strategy for financing decarbonized mobility,” said Emmanuel Esneu, Head of Asset and Project Finance at La Banque Postale.

“This transaction perfectly illustrates our expertise in financing projects that directly contribute to the decarbonization of transport and the reduction of emissions. By structuring long-term financing solutions for players such as Neot Green Mobility, we enable our clients to support resilient business models that provide concrete solutions to low-carbon mobility challenges. This transaction marks an important step in NGM's transition, and we are proud to support it in the development of its projects on a European scale." added Tuan Au-Quang, Investment Director Infrastructure Debt, LBP AM European Private Markets