Alternus Clean Energy extends Solis bond maturity to Aug 30, 2024; further extensions to Nov 29 possible

Alternus Clean Energy, Inc.

Bond Trustee granted technical extension of maturity for €200M Solis green bonds to August 30, 2024.
Previous covenant breach waivers extended to August 30; month-to-month extensions possible to Nov 29, 2024.
Bonds carry 6.5% + EURIBOR coupon; Solis is an indirect wholly owned subsidiary of Alternus.
Temporary waivers have been repeatedly granted since April 2023 due to covenant breaches.
The extension avoids immediate default on the senior secured green bonds.

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