secwatch.observer — SEC 8-K summary
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Issuer:     Alternus Clean Energy, Inc. (ALCE)
CIK:        0001883984
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0001213900-24-037873
Event type: debt
Sentiment:  negative
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1883984/000121390024037873/0001213900-24-037873-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1883984/000121390024037873/ea0205021-8k_alternus.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-037873

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