Statkraft connects 44.5-MW solar farm to grid in Spain
Sep 19, 2024 15:28 CESTRenewables developer Opdenergy has closed an up to EUR-250-million (USD 254.9m) corporate debt facility to redeem outstanding bonds and finance its growth projects.
The agreement was signed with institutional investor EIG and infrastructure asset management Generali Global Infrastructure (GGI), on behalf of GGI’s funds. It has a three-year maturity period and the bonds will be listed on the Frankfurt Stock Exchange.
Opdenergy will use the money to redeem and cancel the outstanding 2021 bonds, including accrued and unpaid interest, as well as partially cover the transaction costs associated with this new debt financing for an aggregate amount of around EUR 143.7 million.
The Spanish firm also said the new debt facility will allow it to have access to some EUR 106.3 million in additional capital in order to finance the development and construction of its short to medium-term projects.
This new deal comes after a EUR-140-million senior note facility that Opdenergy closed with EIG in 2021 to refinance its outstanding euro and US dollar senior notes due 2024.
(EUR 1.0 = USD 1.020)
Statkraft connects 44.5-MW solar farm to grid in Spain
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