Solaria Energia y Medio Ambiente : Grupo Solaria announces the successful placement of a EUR9.2 million “Senior Secured Notes Solaria Casiopea December 2017” pro...
December 21, 2017 at 10:34 am EST
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SOLARIA ENERGIA Y MEDIO AMBIENTE, S.A.(Hereinafter, 'SOLARIA') announces the placement of the 'Senior Secured Notes Solaria Casiopea December 2017' project bond to funds managed by Rivage Investment SAS.
Rated Investment Grade (BBB- with stable outlook), the Project Bond was issued and placed with a nominal value of nine million two hundred thousand euros (€ 9,200,000), a coupon set at 4.15% payable monthly and a 22 year and 9 months maximum lifespan.
The issue will trade on the Mercado Alternativo de Renta Fija (MARF) / Spanish Alternative Bond Market.
The proceeds from this bond issue will be used by SOLARIA to pursue its business model focused on increasing investment into renewable energy generation.
The successful placement of this fourth project bond (after the placement on July 24, 2017 of the 'Senior Secured Notes Magacela Solar 1' project bond with a coupon of 3.769%) confirms that the market is approving the new strategic plan based on the optimization of the financing conditions of its currently owned generation assets combined with the development and / or acquisition of new photovoltaic projects in countries offering attractive risk-adjusted returns on investment.
SOLARIA is currently analyzing possible investments and / or investing in countries of the European Union and Latin America.
Solaria Energia y Medio Ambiente SA published this content on 21 December 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 21 December 2017 15:34:06 UTC.
Original documenthttp://www.solariaenergia.com/en/press-parks-photovoltaic/new/grupo-solaria-announces-the-successful-placement-of-a-eur92-million-senior-secured-notes-solaria-casiopea-december-2017-project-bond-to-funds-managed-by-rivage-investment-sas
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Solaria Energia y Medio Ambiente, S.A. specializes in the design, manufacturing, marketing and installation of renewable energy facilities. The activity is organized around 5 areas:
- production of electric energy;
- design and turnkey construction of solar power installations activity;
- installation and repair of solar, thermal, photovoltaic and wind systems ;
- sale of photovoltaic solar panels;
- installation and repair of plumbing, gas, electricity, cooling, heating and air conditioning systems.
Net sales are distributed geographically as follows: Spain (87.3%), Italy (6.8%), Uruguay (2.3%), Portugal and Greece (1.4%) and other (2.2%).
Solaria Energia y Medio Ambiente : Grupo Solaria announces the successful placement of a EUR9.2 million “Senior Secured Notes Solaria Casiopea December 2017” pro...