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Audax Renovables SA ( (ES:ADX) ) has provided an update.
Audax Renovables, S.A. has priced a new issue of senior unsecured notes with a nominal amount of 350 million euros, maturing in 2031 and carrying a fixed annual coupon of 7.5 percent, paid semi-annually. The notes, issued at 98.98 percent of face value and expected to close around 22 May 2026, will not be registered under the U.S. Securities Act.
Proceeds, together with the company’s existing cash, will be used to fully redeem several outstanding senior unsecured green bonds, partially refinance 56 million euros of commercial paper under its MARF and AIAF programmes, and cover accrued interest and issuance costs. The transaction effectively extends Audax’s debt maturities and consolidates multiple existing financings into a single longer-dated instrument, potentially improving its funding profile and financial flexibility.
More about Audax Renovables SA
Audax Renovables, S.A. is an energy company focused on the renewables segment, operating as an issuer of senior unsecured notes and green bonds in the European capital markets. The company uses listed debt instruments and commercial paper programmes to finance its activities and manage its capital structure over the medium to long term.
Average Trading Volume: 378,212
Technical Sentiment Signal: Buy
Current Market Cap: €623.9M
Find detailed analytics on ADX stock on TipRanks’ Stock Analysis page.