European Energy announces final tender results for green floaters

By William Gullotti

Buffalo, N.Y., Sept. 1 – European Energy A/S announced the results for the any-and-all cash tender offer for its €200 million senior secured callable floating-rate green bonds (ISIN: DK0030448238), according to a press release Wednesday.

At the expiration of the tender offer at 6 a.m. ET on Sept. 1, valid tender instructions were received and accepted in an aggregate nominal amount of €160.1 million.

The company has also exercised its right to make a voluntary early redemption of the remaining bonds that were not tendered, subject to the fulfillment of the new financing conditions associated with the new issue. As previously reported, the early redemption price is 102.68.

As previously reported, settlement is expected for Sept. 16.

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

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

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