tiprankstipranks
Alternus Subsidiary Issues Green Bonds, Negotiates Terms
Company Announcements

Alternus Subsidiary Issues Green Bonds, Negotiates Terms

Don't Miss our Black Friday Offers:

Alternus Clean Energy (ALCE) has issued an announcement.

Solis Bond Company, an entity under Alternus Clean Energy, Inc., issued €200 million green bonds with a 6.5% coupon rate plus EURIBOR in 2021. Despite prior covenant breaches and waivers, a maturity extension to May 31, 2024, was granted. Due to seasonal revenue patterns, Solis will pay only half of the Q1 2024 interest now, with the remainder plus a late fee to be paid in July. Further monthly extensions up to November 2024 are possible with bondholder approval.

Learn more about ALCE stock on TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskAlternus Clean Energy Acquires LiiON for Market Expansion
TipRanks Auto-Generated NewsdeskAlternus Clean Energy Expands in Renewable Sector
TheFlyAlternus Clean Energy Inc trading halted, news pending
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App