Equatorial Alagoas

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  The proposed IFC investment consists of two loans of up to, in aggregate, US$250 million (i) the first of which to Equatorial Alagoas Distribuidora de Energia S.A. (“Alagoas” or the “Company”), a subsidiary of Equatorial Energia S.A. (“Equatorial Energia” or the “Group”), of an amount of up to BRL 500 million (approximately US$100 million) for IFC’s own account, and (ii) the second of which to another subsidiary of Equatorial Energia with a tranche of up to US$75 million for IFC’s own account and a tranche of up to US$75 million for the account of participants (the “Project”).The first loan consists of an 8-year senior Green A Loan to Alagoas for financing a portion of the Company’s capex program for 2023 to 2024, including its programs for loss reduction, service quality improvement, and capacity expansion (excluding any new transmission or distribution lines) (the “Alagoas Loan”).The proposed second loan is a potential up to 8-year corporate facility of up to US$150 million to another subsidiary of Equatorial Energia, with use of proceeds to be aligned with those of the first loan.