**High Court Approves Acquisition of Atlantica Sustainable Infrastructure by Energy Capital Partners**

On December 10, 2024, the High Court of Justice of England and Wales approved the acquisition of Atlantica Sustainable Infrastructure plc by California Buyer Limited (Bidco), a vehicle controlled by Energy Capital Partners (ECP) and its institutional co-investors. This decision follows an agreement made on May 27, 2024, where Bidco proposed to acquire 100% of Atlantica's shares for $22 each in cash.

The acquisition will be finalized once the court order is delivered to the Registrar of Companies in England and Wales, expected on December 12, 2024. Shareholders recorded as of November 29, 2024, will also receive a final dividend of $0.2225 per share, as approved by the Board on November 14.

In preparation for the acquisition, Bidco successfully closed an offering of $745 million in 6.375% Green Senior Notes and €500 million in 5.625% Green Senior Notes, both due in 2032. Following the transaction's completion, Atlantica will co-issue these Green Notes, with certain subsidiaries acting as guarantors. These notes are offered only to qualified institutional buyers and are not registered under the Securities Act, limiting their sale in the U.S. without proper registration.

Additionally, Bidco established a new $600 million Revolving Credit Facility with banks, maturing in 2029. Atlantica will also become a co-borrower under this facility after the transaction closes.

The announcement includes forward-looking statements regarding the transaction's expectations and potential outcomes. These statements involve various risks and uncertainties, including the ability of Bidco and Atlantica to complete the acquisition on the proposed terms and timeline, as well as potential challenges that could arise during the process.

Key risks include the possibility of shareholder litigation, the diversion of management's focus from ongoing operations, and the financial implications of the transaction. The successful realization of the expected benefits from the acquisition remains uncertain, as does Bidco's ability to secure the necessary funding.

Overall, the court's approval marks a significant step in the acquisition process, paving the way for Atlantica to transition under the management of ECP and its partners.