Alternus unit Solis outlines plan for green bond extensions

Chicago, March 12 – Solis Bond Co. DAC, a wholly owned subsidiary of Alternus Energy Group plc, announced that bondholders have approved resolutions for the extensions of waivers regarding the €200 million of green bonds issued in 2021 and due in 2024 (ISIN: NO0010914914), according to an 8-K filing with the Securities and Exchange Commission.

Further, bondholders have officially approved an extension of the maturity date until April 30, 2024, with the right to further extend to May 31, 2024 at the trustee’s discretion, and after on a month-to-month basis to Nov. 29, 2024. Since the issuer previously breached certain financial covenants of the bonds, bondholders have approved temporary waivers and related extensions several times.

A temporary waiver was put in place on Feb. 26 while the trustee gathered up responses to a written resolution.

Votes were due by 7 a.m. ET on March 12.

Nordic Trustee is the bond trustee.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.