Solis Bond maturity extended to May 31; partial Q1 interest payment of €1M made

Alternus Clean Energy, Inc.

Bond trustee extended €200M green bond maturity to May 31, 2024; previously granted waivers for breached covenants.
Solis paying only €1M (≈50% of Q1 2024 interest) due to seasonal revenue; balance plus late penalty due July 6, 2024.
Approximately 70% of Solis revenues received in summer, causing Q1 cash shortfall.
Bond trustee may further extend month-to-month to Nov 29, 2024 with majority bondholder approval.
This is the latest in a series of covenant waivers and extensions since April 2023.

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