Enviva Announces Tax-Exempt Green Bond Offering

Enviva Announces Tax-Exempt Eco-friendly Bond Offering

Enviva Inc. (NYSE: EVA) (“Enviva,” the “Company,” or the “Borrower”) today introduced that the Mississippi Business Finance Corporation (the “Issuer”), intends to concern its Exempt Services Income Bonds (Enviva Inc. Undertaking), Collection 2022 (Green Bonds) (the “Bonds” and such offering, the “Tax-Exempt Inexperienced Bond Offering” or the “Offering”) in the mixture principal sum of $100,000,000 (preliminary and issue to change). The proceeds of the Presenting will be loaned to Enviva pursuant to a Mortgage and Warranty Arrangement (the “Loan Agreement”) to fund a portion of the prices of acquiring, setting up, equipping, and financing Enviva’s wood pellet manufacturing plant to be found around Bond, Mississippi and selected associated expenditures thereto, and to pay expenses and charges of the Supplying.

More Aspects of Tax-Exempt Eco-friendly Bond Offering:

• The Borrower’s obligations underneath the Mortgage Settlement will represent a senior unsecured obligation of the Borrower
• Enviva and the Issuer anticipate to near the transaction on or about November 22, 2022, matter to customary closing circumstances
• The Organization has selected the bonds as Environmentally friendly Bonds mainly because the proceeds will be used to finance the design of a thoroughly contracted wood pellet creation plant created to make a lower-carbon, sustainable, renewable, fall-in substitute for fossil fuels with potential applicability to difficult-to-abate industries exactly where the use of wooden pellets could lower greenhouse fuel emissions on a lifecycle basis, consistent with Enviva’s Environmentally friendly Finance Framework. Enviva’s Environmentally friendly Finance Framework, which guides issuances of Eco-friendly Bonds, was designed in alignment with the Inexperienced Bond Principles (2021) as posted by the Intercontinental Capital Markets Affiliation (ICMA) and the Green Personal loan Principles (2021) released by the Mortgage Marketplace Association (LMA) and the Bank loan Syndications and Investing Affiliation (LSTA)

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

This news release is neither an offer you to provide nor a solicitation of an supply to invest in any securities, including the Bonds, nor shall there be any sale of any this kind of securities in any state or jurisdiction in which this kind of give, solicitation, or sale would be illegal prior to registration or qualification underneath the securities rules of any this kind of point out or jurisdiction. Any give or solicitation with regard to the Bonds will be produced exclusively by suggests of the preliminary official statement.

About Enviva

Enviva Inc. (NYSE: EVA) is the world’s premier producer of industrial wood pellets, a renewable and sustainable vitality supply developed by aggregating a natural useful resource, wood fiber, and processing it into a transportable sort, wood pellets. Enviva owns and operates ten vegetation with a put together production capability of roughly 6.2 million metric tons per yr in Virginia, North Carolina, South Carolina, Georgia, Florida, and Mississippi, and is developing its 11th plant, which will be situated in Epes, Alabama. Enviva is setting up to commence building of its 12th plant, near Bond, Mississippi, in early 2023. Enviva sells most of its wood pellets by prolonged-expression, take-or-pay out off-choose contracts with mainly creditworthy customers in the United Kingdom, the European Union, and Japan, aiding to speed up the energy transition and to decarbonize tricky-to-abate sectors like steel, cement, lime, chemical compounds, and aviation fuels. Enviva exports its wood pellets to international marketplaces by its deep-water marine terminals at the Port of Chesapeake, Virginia, the Port of Wilmington, North Carolina, and the Port of Pascagoula, Mississippi, and from third-social gathering deep-water marine terminals in Savannah, Ga, Mobile, Alabama, and Panama City, Florida.

Cautionary Take note Regarding Ahead-Looking Statements

The details incorporated herein and in any oral statements manufactured in link herewith include “forward-hunting statements” within just the this means of Area 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical reality incorporated herein, are forward-searching statements, which include statements with regards to the completion, timing, and dimension of the proposed Offering and the predicted use of proceeds thereof. When employed herein, including any oral statements created in relationship herewith, the words and phrases “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the unfavorable of these kinds of conditions, and other comparable expressions are intended to establish ahead-seeking statements, while not all forward-on the lookout statements consist of these kinds of pinpointing phrases. These ahead-searching statements are dependent on management’s existing expectations and assumptions about long term situations and are dependent on now obtainable information and facts as to the final result and timing of future activities. Besides as usually needed by relevant law, Enviva disclaims any duty to revise or update any forward-on the lookout statements, all of which are expressly skilled by the statements in this section, to reflect occasions or instances just after the date hereof. Enviva cautions you that these forward-searching statements are topic to pitfalls and uncertainties, most of which are hard to forecast and a lot of of which are outside of the manage of Enviva. These risks include things like, but are not minimal to: (i) financial and industry disorders through the advertising of the Giving (ii) Enviva’s capacity to use the proceeds of the Providing in compliance with the situations of the Bonds and Eco-friendly Bond concepts and (iii) other factors, as explained in Enviva’s filings with the Securities and Trade Fee (the “SEC”), which include the in depth variables reviewed underneath the heading “Risk Factors” in Enviva’s Annual Report on Sort 10-K for the fiscal yr ended December 31, 2021.

Should really one particular or extra of the hazards or uncertainties explained herein and in any oral statements manufactured in relationship therewith happen, or must fundamental assumptions establish incorrect, actual final results and options could differ materially from individuals expressed in any forward-wanting statements. Extra facts about these and other variables that may well affect Enviva’s anticipations and projections can be found in Enviva’s periodic filings with the SEC. Enviva’s SEC filings are available publicly on the SEC’s web site at www.sec.gov.

Trader Call:

Kate Walsh

Vice President, Trader Relations

+1 240-482-3856

[email protected]

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