Photon Energy N.V. (WSE: PEN, ISIN NL-001039110-8, the 'Group') announces that it has successfully increased its 7.75% corporate bond 2017/2022 (DE-000A19MFH-4) by EUR 7.5 million to EUR 37.5 million, corresponding to 25% of the previous bond volume.

The new notes were placed at 102%, plus accrued interest, in a private placement exclusively with institutional investors. The transaction was managed by Bankhaus Scheich Wertpapierspezialist AG, Frankfurt am Main, as the Sole Global Coordinator.

The proceeds from the sale of the Suntop 1 project stake to Canadian Solar Inc. and the proceeds from the bond increase will enable the Group to pursue new market opportunities. The Group intends to use the net proceeds from the bond increase to finance further acquisitions and strengthen its financial power.

The new notes are expected to be introduced at the Open Market of the Frankfurt Stock Exchange on 9 August 2019 under the existing ISIN.

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Photon Energy NV published this content on 06 August 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 August 2019 11:49:06 UTC