Reference is made to the updates issued byAlternus Energy Group Plc (OSE: ALT) ("AEG ") and Solis Bond Company DAC ("Solis"), an indirect wholly owned subsidiary ofAlternus Clean Energy, Inc. (NASDAQ: ALCE) ("Alternus"), a majority owned subsidiary ofAEG , on9 March 2023 ,21 March 2023 ,27 March 2023 ,18 April 2023 ,24 April 2023 ,16 May 2023 ,19 September 2023 ,16 October 2023 ,18 December 2023 ,3 January 2024 and30 January 2024 regarding the waivers of the financial covenants and extension of the maturity date sought from the bondholders in Solis' FRN senior securedEUR 200,000,000 green bonds 2021/2024 (ISIN NO0010914914).AEG , Alternus and Solis are pleased to announce that Solis has provided notice to the Bond Trustee of its intent to exercise call options to repayEUR59,100,000 of amounts outstanding under the bonds (the "Repayment"). The Repayment will be funded by transactions relating to the divestiture of certain of Solis' assets in each ofItaly andPoland . The settlement date of the Repayment is expected to beFebruary 14, 2024 , the date that is ten business days after the Repayment notice date. AboutAlternus Energy Group : The Company is a transatlantic clean energy independent power producer (IPP). We currently develop, install, own and operate utility scale solar parks in America andEurope . Our highly motivated and dynamic team at Alternus have achieved rapid growth in recent years. Building on this, our goal is to reach 3GW of operating projects within 5 years through continued organic development activities and targeted strategic opportunities. Our vision is to become a leading provider of 24/7 clean energy delivering a sustainable future of renewable power with people and planet in harmony.AEG operates primarily throughALternus Clean Energy, Inc. (Nasdaq: ALCE).AEG is listed on the Euronext Growth Oslo exchange and headquartered inIreland , whileAlternus Clean Energy, Inc. is listed on Nasdaq and headquartered in the US. They remain as two separate legal entities.
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