Atlantica Sustainable Infrastructure Offers Early Tender Results
Atlantica Sustainable Infrastructure Ltd. has shared impressive news regarding its tender offer aimed at purchasing cash up to $85 million of its Green Senior Secured Notes due 2028. This offer, which falls under a broader framework of a $400 million total issuance, showcases the company's proactive approach in managing its financial instruments effectively.
Key Details of the Tender Offer
As per the report, by the early tender deadline, over $335 million of Notes were validly tendered, which is a noteworthy representation of around 84% of the outstanding Notes. This significant participation highlights the market's confidence in Atlantica's strategy and its commitment to sustainable practices.
Financial Terms and Conditions
The total consideration for each $1,000 principal amount of the Notes that were tendered comes to $990, which includes an early tender payment of $50 per $1,000. This provision offers an additional incentive for holders to take part in the tender process. Those whose Notes are accepted will also collect accrued interest, demonstrating Atlantica's dedication to fair treatment of investors.
Company's Expectations
After reaching the tender cap, Atlantica is set to move forward with purchasing the accepted Notes, anticipating a settlement date shortly after. With the early tender deadline having passed, no further withdrawals can be made, indicating confidence among investors regarding the Offer's terms.
About Atlantica Sustainable Infrastructure
Atlantica Sustainable Infrastructure Ltd. operates as a leader in the sustainable infrastructure sector. The company manages a diverse portfolio that includes renewable energy, storage, efficient natural gas, and water assets. This multi-faceted strategy not only secures a revenue stream but also aligns with global trends toward sustainability and environmental responsibility.
Contact Information for Stakeholders
For those interested in the tender offer or seeking further information, Barclays Capital Inc. serves as the dealer manager and can be reached via their contact details:
Barclays Capital Inc.
745 Seventh Avenue, 5th Floor
New York, NY 100019
Attention: Liability Management Group
Collect: +1 (212) 528-7581
Toll-Free: +1 (800) 438-3242
Email: us.lm@barclays.com
Frequently Asked Questions
What is the main purpose of the tender offer?
The tender offer is intended to repurchase up to $85 million of Atlantica's outstanding Green Senior Secured Notes due in 2028, optimizing the company's capital structure.
How much of the Notes were tendered?
Approximately $335 million was validly tendered by the early tender deadline, which represents about 84% of the outstanding Notes.
What is included in the total consideration for notes?
Each $1,000 principal amount of validly tendered Notes will have a total consideration of $990, which also includes an early tender premium of $50 per $1,000.
When is the expected settlement date for the notes?
The settlement date is expected to occur shortly after the acceptance of tendered Notes, specifically projected for November 19, 2025.
How can stakeholders obtain more information about the offer?
Stakeholders can reach out to Barclays Capital Inc. for inquiries about the tender offer or request copies of the Offer to Purchase for detailed information.
