Danish renewables developer European Energy A/S announced on Thursday it has successfully refinanced its capital base, consolidating it into a new EUR 375 million green senior bond and a EUR 100 million green revolving credit facility. The refinancing falls under European Energy's new Green Finance Framework.
The new green senior bond, one of the largest high-yield bonds on NASDAQ Nordic, matures in November 2027, extending the maturity from previous bonds set to expire in September 2025.
The bond carries a variable interest rate, set at a 3.75% margin over the 3-month EURIBOR.
“The strong interest that we have encountered in this transaction reflects that the market sees our business as fundamentally solid, with a large growth potential and a strong green profile,” said Jens-Peter Zink, Deputy CEO of European Energy.
