MARF registers a new Project bond by Solaria
To refinance its photovoltaic power station Puertollano 6
The Mercado Alternativo de Renta Fija (MARF) has registered a new project bond issue by Planta Solar Puertollano 6 (PSP6) with a value of €45.1 million, which Solaria Energia y Medioambiente operate in Fuenmayor (La Rioja). The goal of this issue is to pay off the debt linked to the ongoing “project finance” operation and refinance the debt by rolling over its maturity.
The bonds have an annual coupon of 3.75%, payable monthlly and an individual nominal value of €100,000, with nominal reductions and maturity at end-December 2037.
The issue has received a BBB- rating with stable outlook from Axesor Rating.
Beka Finance is acting as Sole Bookrunner and Placement Entity for the bonds and Analistas Financieros Internacionales (AFI) is acting as Registered Advisor in MARF. Law firm Cuatrecasas, Gonçalves Pereira has acted as Legal Advisor for the issuer and CMS Albiñana & Suarez de Lezo as Legal Advisor for the Placement Entity.
Planta Solar Puertollano 6 (PSP6) was established in 2007 for the development, commissioning and operation of the photovoltaic power station, which has a nominal installed capacity of 9.9 MW. Solaria, as the project's operator, provides the operation and maintenance services of the station, which has been in operation since September 2008.
