Alternus unit Solis to repay €59.1 million green bonds on Feb. 14

By Mary-Katherine Stinson

Lexington, Ky., Jan. 31 – Solis Bond Co. DAC, a wholly owned subsidiary of Alternus Energy Group plc, announced on Jan. 31 it would exercise its call option to repay €59.1 million of its three-year senior secured floating-rate green bonds 2021/2024 (ISIN: NO0010914914), according to an 8-K filing with the Securities and Exchange Commission.

The repayment is expected to settle on Feb. 14.

It will be funded by the sale of the subsidiary’s assets in Italy and Poland.

As previously reported, Solis issued the unrated green bonds in 2021 in the maximum amount of €200 million.

Based in Ireland, Alternus is an international vertically integrated independent power producer.

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