The final close exceeded the €500m target that Pioneer initially set.

Move due to market conditions being ‘severely impacted’ by geopolitical tensions

Spanish firm achieved EBITDA of €12bn due to its renewables and networks businesses

New facility represents the ‘next generation’ of sustainability-linked credit financing in private markets

Uplift in financial forecast driven by a ‘dynamic market environment’ says Michael Muller

Increase driven by ‘substantially higher’ electricity rates and Norwegian hydropower generation