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Successful refinancing of credit lines and repayment of bond 2011/18

04.04.2018
Financing structure substantially improved Cooperation with institutional investors continues

eno energy GmbH, manufacturer of wind turbines, project developer and wind farm operator, has successfully reorganised its financing structure and gained a new, international financing partner. In addition to the scheduled refinancing of credit lines, this also includes the repayment of the 2011/18 bond issued in 2011 (ISIN DE000A1H3V53). In connection with the partial redemption of a loan syndicated in 2015, however, the payment will probably be delayed by up to three days for technical reasons. The full redemption at the nominal value of 1,000 euros per bond – plus the final interest payment for nine months with an annual coupon of 7.375 per cent – will therefore not take place on the first working day after maturity, i.e. on 3 April 2018, contrary to what is described in the bond terms and conditions, but is expected to take place by 6 April 2018. The money for the redemption of the bond and the bond interest owed has been made available to the main paying agent. The disbursement will be made via the clearing system.

Commenting on the new financing structure for the eno Group, Commercial Director Robert Jantzen says: “We have significantly simplified the financing structure of the eno Group. With the new financing partner, we have succeeded in matching the maturity congruence between loans and financed assets. This means that we also finance our long-term projects with long-term loans. For eno, the new financing structure is the backbone for further growth in Germany and Europe.”

“Following the bond extension to 31 March 2018, which was agreed in February 2016, the repayment of the €10.3 million bond from 2011 once again demonstrates our reliability and performance. We also fully repaid the bearer profit participation certificate from 2009 in the amount of 6 million euros with a performance-based return of 7 % p.a. as well as an additional profit participation of up to 3 % p.a. as planned in the previous year,” Robert Jantzen continued. “In the coming quarters, we will concentrate on the implementation of the numerous, ongoing wind turbine projects, which are progressing well,” says the commercial director, who is optimistic about the further development of the business.

The management of eno energy GmbH would like to thank the bond investors and financing partners for the trust they have placed in the company and for their support over many years.

Shaping tomorrow's future today

The eno energy Group is Europes leading medium-sized manufacturer of premium wind turbines. At our locations Rostock and Rerik, we develop and produce durable and powerful onshore wind turbines in the 2.2 to 6.0 MW range.

Due to our first-class quality “Made in Germany” and innovative know-how, we are offering individual solutions to our customers. Based on our product portfolio, our international sales pipeline and our constantly growing network, our environmental and social philosophy of sustainable and responsible behaviour drives us forward every day.

Press contact

Please address press enquiries to:

eno energy Group
Viola Marie Bluhm
Head of Marketing & Communications
Straße am Zeltplatz 7                                                        18230 Ostseebad Rerik

+49 381 203792-271
marketing@eno-energy.com

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