PRESS RELEASE

MARF registers a new project bond by Solaria

The Mercado Alternativo de Renta Fija (MARF) has registered a new project bond issue by Solaria Casiopea with a total value of €9.2 million, aimed at refinancing the debt associated with the project finance operation for three photovoltaic power stations operated by Solaria Energia Renovable in Villamañán (Leon), Puertollano (Ciudad Real) and Macael (Almería).

The bonds issued have an annual coupon of 4.15%, payable monthly and an individual nominal value of €100,000, which will be reduced on a monthly basis until the final maturity of the bonds, on 30 September 2040.

The issue has received a BBB- rating with stable outlook from Axesor Rating.

It is the third refinancing operation of this type taken to market by the issuer, following the Globasol and PSP6 issues carried out by Solaria in May 2016 and February 2017.

Beka Finance is acting as Sole Bookrunner and Placement Entity for the bonds and GVC Gaesco Beka is acting as Registered Advisor in MARF for Solaria Casiopea. Law firm Baker McKenzie has acted as Legal Advisor for the issuer in this operation.

Solar Casipea is a holding company created to group together the assets linked to the photovoltaic power stations Sarener, TAN and PFV1, of which Solaria Energía Generación Renovable is a shareholder. Grupo Solaria, as the operator of the projects, provides the operation and maintenance services for the stations, which have been in operation since 2006, 2008 and 2011, respectively, and whose total installed power is 2.4 megawatts.

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