OPC Energy Ltd. Announces Amendment and Extension of the Financing Agreement of CPV Valley
provision. Under the terms of the amendment, CPV Valley is required to make a repayment of $55 million (approximately NIS 200 million) (which will be financed by way of a capital injection, including approximately $17 million by OPC). Following this repayment, the total credit facility commitments under this financing agreement will be $470 million (approximately NIS 1.7 billion). The interest rate on the facility was revised, effective June 30, 2023, to a SOFR-based rate (instead of a LIBOR-based rate) with a weighted average spread above SOFR of approximately 5.75%.