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EVP: Refinance deal shows “maturity” of Mytrah Energy

Mytrah Energy (LON:MYT) executive vice president, Bob Smith, believes that the power producer is “setting a standard for the industry” with its recent debt refinancing package.

The company has negotiated a deal with three banks to replace loans that were with 22 banks, a transaction he says is “a real reflection of the growing maturity” of Mytrah.

Smith also states that the variable winds that affected the firm’s performance last year were a “one-off”, and is “very confident that that’s not an indication of the future”.

 
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