Mayer Brown advised Photon Energy N.V. (Photon Energy) on its tap issuance of up to €25 million GREEN bonds due 2027, with an interest rate of 6.5 percent.
Photon Energy will use proceeds from the GREEN bonds to finance and expand its existing portfolio in accordance with its Green Financing Framework. The newly issued GREEN bonds are being offered to bondholders of the 2017/2022 corporate bonds in the form of an exchange offer, an offer to bondholders participating in the exchange offer to purchase additional GREEN bonds, an offer to the public in Germany, Austria and Luxembourg and a private placement to institutional investors outside the US.
The bonds have received a second-party opinion from imug rating, confirming their alignment with ICMA’s Green Bond principles.
Bankhaus Scheich Wertpapierspezialist AG, Frankfurt am Main, is acting as Sole Global Coordinator & Bookrunner for the private placement component of the transaction.
“We are pleased to have worked with Photon Energy and Bankhaus Scheich on this exciting and important transaction, which straddled multiple jurisdictions,” said Dr. Susanne Lenz. “We are particularly proud that we continue to be part of the company’s highly successful green financing, which had the still unusual feature of an exchange offer for the holders of a previously issued bond.”
Photon Energy Group delivers solar power solutions that cover the entire lifecycle of photovoltaic projects. Founded in 2008, it has built and commissioned solar power plants with a combined capacity of over 120 MWp and currently provides operations and maintenance services for over 330 MWp worldwide. Photon Energy N.V., the holding company for Photon Energy Group, is listed on the Warsaw, Prague and Frankfurt Stock Exchanges.
The Mayer Brown team was led by Corporate & Securities partner Dr. Susanne Lenz and included partner Dr. Patrick Scholl and senior associate Dušan Stojković (all Frankfurt).
Sarah Shirley Braun
3 月 24 日2023 年
3 月 20 日2023 年