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Aviva Investors provides $83m in debt financing to U.K. electric fleet specialist Zenobē
Transactions - MAY 29, 2024

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Aviva Investors provides $83m in debt financing to U.K. electric fleet specialist Zenobē

by Released

Aviva Investors, the global asset management business of Aviva plc, has completed the provision of two new debt tranches totaling £65 million ($83 million) to Zenobē Energy, an international provider of end-to-end solutions in fleet electrification and battery storage.

The two loan portions, made on behalf of third-party clients and Aviva UK Life, follow a previous £50 million ($64 million) debt facility provided by Aviva Investors in February 2022 and make the asset manager the largest lender to Zenobē’s EV fleet business. It also continues Aviva Investors’ efforts to invest in opportunities that reflect Aviva’s commitment to supporting communities across the United Kingdom in helping them get ready for the future.

The funding will help Zenobē fund near-term contracts relating to the leasing of e-buses to U.K. bus operators and associated charging infrastructure, as it continues to expand the number of electric vehicles and charging equipment in its network

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