🇩🇰 European Energy completes successful full parent debt capital refinancing
European Energy has successfully refinanced and upsized its EUR 292.5m Green Senior bonds and EUR 100m Green revolving credit facility into a new EUR 375m Green bond and EUR 100m Green revolving credit facility
Copenhagen, Denmark, 7th of November – European Energy has successfully refinanced its parent capital base. Previously European Energy has had EUR 292.5m in Green Senior bonds as well as a EUR 100m Green revolving credit facility (RCF) and with this new round of financing, European Energy has consolidated its financing into a single new EUR 375m Green Senior bond and a EUR 100m Green RCF.
The interest rate of the new Green Senior bond is variable rated with a margin of 3,75% plus a 3-month EURIBOR rate.
“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.” says Jens-Peter Zink, Deputy CEO of European Energy.
Both the Green Senior Bond and RCF are part of European Energy’s new Green Finance Framework, which received a “dark green” shading from second party opinion provider S&P, the highest sustainability rating. This “dark green” designation emphasizes European Energy’s continued commitment to projects that support significant environmental impact, aligning with its role in the green energy transition.
The refinancing of the Green Senior bonds was due to happen, as a majority of its existing senior bonds was maturing in September 2025. The new Green Senior bond has final maturity in November 2027.
“We are very happy with the result of this refinancing, showcasing our strong ties in the Nordic High Yield market which has supported our funding journey since 2014,” says Flemming Jacobsen, VP and Head of Group Treasury & FP&A.
The bond is one of the largest Nordic high-yield bonds to be issued on NASDAQ Nordic. With this refinancing, European Energy has secured a robust financial position to support its growth strategy going forward.
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Originally published on 7 November by European Energy.
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