European Energy announces Sept. 18 as effective date for amendment

Chicago, Sept. 17 – European Energy A/S announced that Sept. 18 will be the effective date for its amendment to change the terms and conditions of its €200 million of senior secured callable floating-rate green bonds due 2023 (ISIN: DK0030448238) so that the company can issue subordinated debt instruments among other matters, according to a press release.

As previously reported, the requisite majority consents to the proposal were received and are deemed to be adopted even though the time period for replies had not yet expired.

Holders who voted before the early voting fee deadline on Sept. 8 will receive a payment equal to 0.25% on the nominal amount of each bond regardless of whether they voted for or against the proposal.

The early voting fee will be paid within 10 days of the effective date.

Bondholders who consent to the modifications will also receive priority allocations in a possible new issuance.

The final voting deadline was initially going to be Sept. 21.

The paying agent is DNB Markets (karljohan.kulling@dnb.se; +46 704 93 48 68).

The Soborg, Denmark, company builds solar and wind farms and energy storage facilities.

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