debt
confidence high
sentiment neutral
materiality 0.50
Solis Bond Partial Repayment of €5.7M and Maturity Extension to April 30, 2024
Alternus Clean Energy, Inc.
- Solis to repay €5.7M (approx $6.2M) of its €200M bonds on March 11, 2024, funded by Netherlands asset divestiture.
- Temporary waivers and maturity date extended to April 30, 2024; possible further extensions to May 31, 2024 (trustee discretion) and month-to-month to Nov 29, 2024 (trustee + majority bondholders).
- Bond trustee granted technical extension to allow Solis to exercise call option for partial repayment.