Solör Bioenergy successfully completes a SEK 22bn long term financing
Solör Bioenergy completes a SEK 22bn long-term financing for the entire group. The new group finance is based on an investment grade rated Common Terms Agreement with international banks and institutional investors to further strengthen the Group’s M&A strategy. CIBC and ICECAPITAL acted as financial advisers on the transaction.
Solör Bioenergy Group announced today that it completed a refinancing of its existing facilities. The financing structure includes a Senior Common Terms Agreement, a MidCo Common Terms Agreement as well as a Junior Facility.
Solör Bioenergy Group secured a substantial Capex Facility as well as a Revolving Credit with a total amount of SEK 4bn.
“We have secured access to liquidity for our M&A strategy within renewable district heating”, says Martinus Brandal, Chairman & CEO of Solör Bioenergy. “With this milestone, we will be able to continue our growth strategy and strengthen our position as a leading provider of district heating in the Nordics”, adds Brandal.
“We own and operate renewable district heating power plants in 116 municipalities in Sweden and 65 municipalities in Norway, and we deliver safe and renewable energy to the highest ESG standards”, says Brandal.
