European Energy begins tender offer for floating-rate green bonds

Chicago, Aug. 27 – European Energy A/S started an any-and-all cash tender offer for its €200 million senior secured callable floating-rate green bonds (ISIN: DK0030448238), according to a press release.

The company is offering to purchase the notes at 102.68.

In connection with the tender offer, the company is preparing to offer €250 million of new senior green bonds with a four-year tenor.

Tendering holders of existing bonds will be eligible to receive priority allocation in the new green bonds.

The tender offer expires at 6 a.m. ET on Sept. 1. Settlement is expected for Sept. 16.

European Energy has also issued a conditional notice of early redemption for the existing bonds for Sept. 22, in which case the bonds would be repurchased also for the same 102.68.

Danske Bank A/S, DNB Bank ASA, Sweden Branch and Nordea Bank Abp are the dealer managers and tender agents for the offer.

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

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