Solör Bioenergy completes its new Group financing. The new finance structure consists of a syndicate of 8 Nordic and international banks to further strengthen the Group’s growth strategy.
Solör Bioenergy Group announced today that it completed a refinancing of its existing facilities. The financing structure includes a Senior Facility as well as a Junior Facility and includes a substantial Capex Facility as well as a Revolving Credit. This will contribute to the Groups growth strategy going forward.
“With this refinancing, we have secured access to liquidity for our growth and M&A strategy within district heating in the Nordics”, says Martinus Brandal, Chairman & CEO of Solör Bioenergy. “With this financial power, we will be able to further drive our growth strategy as well as strengthening our position as a leading provider of district heating”, adds Brandal.
“We own and operate energy plants in 84 municipalities in Sweden and 18 municipalities in Norway, and we deliver safe and clean renewable energy to the highest ESG standards”, says Brandal
DNB Markets acted as Sole Financial Advisor on the refinancing.
For more information, contact:
Chairman & CEO, Solör Bioenergy Group +47 916 30 060
CFO, Solör Bioenergy Group +41 786 79 8844
Stockholm, December 17th, 2021
Solör Bioenergy Group
Solör Bioenergy Group provides essential energy services in Sweden, Norway and Poland. The Group produces wood-based bioenergy for the public and private sector including private households, municipalities, industrial customers and local/regional governments. The annual energy delivery amounts to approximately 3.0 TWh and the Group has approximately 10,000 customers and the equivalent of 235 000 users. The head office is located in Stockholm, Sweden. Read more about Solör Bioenergy Group at www.solorbioenergi.com.