Enviva Announces Tax-Exempt Green Bond Offering

Enviva Announces Tax-Exempt Eco-friendly Bond Supplying

Enviva Inc. (NYSE: EVA) (“Enviva,” the “Company,” or the “Borrower”) now announced that the Mississippi Organization Finance Corporation (the “Issuer”), intends to concern its Exempt Facilities Earnings Bonds (Enviva Inc. Challenge), Series 2022 (Inexperienced Bonds) (the “Bonds” and this sort of giving, the “Tax-Exempt Inexperienced Bond Offering” or the “Offering”) in the combination principal volume of $100,000,000 (preliminary and topic to modify). The proceeds of the Supplying will be loaned to Enviva pursuant to a Bank loan and Guaranty Settlement (the “Loan Agreement”) to fund a part of the fees of getting, setting up, equipping, and financing Enviva’s wooden pellet manufacturing plant to be located close to Bond, Mississippi and specified connected expenses thereto, and to fork out fees and costs of the Presenting.

More Particulars of Tax-Exempt Environmentally friendly Bond Offering:

• The Borrower’s obligations below the Loan Arrangement will represent a senior unsecured obligation of the Borrower
• Enviva and the Issuer expect to shut the transaction on or about November 22, 2022, topic to customary closing problems
• The Corporation has selected the bonds as Eco-friendly Bonds since the proceeds will be utilised to finance the building of a entirely contracted wood pellet production plant intended to generate a lower-carbon, sustainable, renewable, drop-in substitute for fossil fuels with opportunity applicability to hard-to-abate industries the place the use of wooden pellets could lower greenhouse fuel emissions on a lifecycle foundation, constant with Enviva’s Environmentally friendly Finance Framework. Enviva’s Inexperienced Finance Framework, which guides issuances of Green Bonds, was developed in alignment with the Eco-friendly Bond Ideas (2021) as revealed by the International Capital Marketplaces Affiliation (ICMA) and the Eco-friendly Mortgage Concepts (2021) printed by the Bank loan Market place Association (LMA) and the Loan Syndications and Buying and selling Association (LSTA)

The Bonds have not been registered below the Securities Act of 1933, as amended (the “Securities Act”), or underneath the securities rules of any other jurisdiction, on the foundation of the Bonds staying exempt securities pursuant to Portion 3(a)(2) of the Securities Act.

This information launch is neither an offer to market nor a solicitation of an supply to purchase any securities, together with the Bonds, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer you, solicitation, or sale would be illegal prior to registration or qualification below the securities legislation of any this kind of point out or jurisdiction. Any give or solicitation with respect to the Bonds will be manufactured solely by suggests of the preliminary formal statement.

About Enviva

Enviva Inc. (NYSE: EVA) is the world’s major producer of industrial wooden pellets, a renewable and sustainable electricity supply manufactured by aggregating a normal source, wood fiber, and processing it into a transportable form, wood pellets. Enviva owns and operates ten vegetation with a combined output capability of around 6.2 million metric tons for every calendar year in Virginia, North Carolina, South Carolina, Ga, Florida, and Mississippi, and is setting up its 11th plant, which will be situated in Epes, Alabama. Enviva is arranging to commence construction of its 12th plant, in close proximity to Bond, Mississippi, in early 2023. Enviva sells most of its wood pellets via very long-expression, choose-or-pay off-acquire contracts with mostly creditworthy consumers in the United Kingdom, the European Union, and Japan, supporting to speed up the power changeover and to decarbonize really hard-to-abate sectors like metal, cement, lime, chemicals, and aviation fuels. Enviva exports its wooden pellets to world-wide marketplaces as a result of its deep-h2o marine terminals at the Port of Chesapeake, Virginia, the Port of Wilmington, North Carolina, and the Port of Pascagoula, Mississippi, and from third-get together deep-drinking water marine terminals in Savannah, Georgia, Cell, Alabama, and Panama Town, Florida.

Cautionary Be aware Regarding Forward-Looking Statements

The info incorporated herein and in any oral statements manufactured in connection herewith include things like “forward-searching statements” within just the that means of Section 27A of the Securities Act of 1933, as amended, and Area 21E of the Securities Trade Act of 1934, as amended. All statements, other than statements of existing or historical truth integrated herein, are forward-wanting statements, such as statements about the completion, timing, and size of the proposed Featuring and the anticipated use of proceeds thereof. When employed herein, such as any oral statements created in connection herewith, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the damaging of these phrases, and other similar expressions are intended to detect forward-seeking statements, while not all ahead-searching statements include this kind of determining words. These forward-hunting statements are primarily based on management’s existing anticipations and assumptions about foreseeable future functions and are primarily based on at present readily available data as to the outcome and timing of long run activities. Apart from as in any other case necessary by relevant regulation, Enviva disclaims any duty to revise or update any ahead-looking statements, all of which are expressly qualified by the statements in this section, to reflect gatherings or situation immediately after the date hereof. Enviva cautions you that these ahead-on the lookout statements are matter to threats and uncertainties, most of which are tough to forecast and many of which are further than the management of Enviva. These challenges include, but are not restricted to: (i) financial and industry problems during the promoting of the Supplying (ii) Enviva’s capability to use the proceeds of the Supplying in compliance with the situations of the Bonds and Green Bond principles and (iii) other things, as explained in Enviva’s filings with the Securities and Trade Fee (the “SEC”), like the comprehensive components talked about beneath the heading “Risk Factors” in Enviva’s Once-a-year Report on Kind 10-K for the fiscal year finished December 31, 2021.

Need to a person or a lot more of the threats or uncertainties explained herein and in any oral statements produced in connection therewith come about, or should really underlying assumptions establish incorrect, precise success and options could vary materially from all those expressed in any ahead-on the lookout statements. Added data relating to these and other aspects that might affect Enviva’s anticipations and projections can be discovered in Enviva’s periodic filings with the SEC. Enviva’s SEC filings are readily available publicly on the SEC’s site at www.sec.gov.

Trader Get in touch with:

Kate Walsh

Vice President, Investor Relations

+1 240-482-3856

[email protected]

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