debt
confidence high
sentiment neutral
materiality 0.80
Solis bondholders approve waiver extension and maturity extension to April 30, 2024
Alternus Clean Energy, Inc.
- Bondholders voted to extend temporary waivers of financial covenants and maturity date of €200M senior secured green bonds to April 30, 2024.
- Bond Trustee may further extend to May 31, 2024, and then month-to-month to November 29, 2024.
- Solis is an indirect wholly owned subsidiary of Alternus Clean Energy (NASDAQ: ALCE).
- This follows previous temporary waivers in April, June, October 2023, and January 2024, addressing covenant breaches.