{"id":10440,"date":"2022-05-20T07:33:39","date_gmt":"2022-05-20T07:33:39","guid":{"rendered":"https:\/\/www.audaxrenovables.com\/en\/?p=10440"},"modified":"2023-11-21T11:38:49","modified_gmt":"2023-11-21T11:38:49","slug":"audax-renovables-agrees-a-line-of-secured-promissory-notes-with-the-ico-for-119-million","status":"publish","type":"post","link":"https:\/\/www.audaxrenovables.com\/en\/audax-renovables-agrees-a-line-of-secured-promissory-notes-with-the-ico-for-119-million\/","title":{"rendered":"Audax Renovables agrees a line of secured promissory notes with the ICO for 119 million"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"10440\" class=\"elementor elementor-10440\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6314da46 elementor-section-content-middle elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"6314da46\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-20 elementor-top-column elementor-element elementor-element-1bc06728\" data-id=\"1bc06728\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7ddce908 elementor-widget elementor-widget-image\" data-id=\"7ddce908\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.7.8 - 02-10-2022 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.audaxrenovables.com\/en\/\">\n\t\t\t\t\t\t\t<img width=\"2250\" height=\"818\" src=\"https:\/\/www.audaxrenovables.com\/en\/wp-content\/uploads\/2021\/11\/AUDAX-LOGO-COLOR-RGB.png\" class=\"attachment-full size-full\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.audaxrenovables.com\/en\/wp-content\/uploads\/2021\/11\/AUDAX-LOGO-COLOR-RGB.png 2250w, https:\/\/www.audaxrenovables.com\/en\/wp-content\/uploads\/2021\/11\/AUDAX-LOGO-COLOR-RGB-300x109.png 300w, https:\/\/www.audaxrenovables.com\/en\/wp-content\/uploads\/2021\/11\/AUDAX-LOGO-COLOR-RGB-1024x372.png 1024w, https:\/\/www.audaxrenovables.com\/en\/wp-content\/uploads\/2021\/11\/AUDAX-LOGO-COLOR-RGB-768x279.png 768w, https:\/\/www.audaxrenovables.com\/en\/wp-content\/uploads\/2021\/11\/AUDAX-LOGO-COLOR-RGB-1536x558.png 1536w, https:\/\/www.audaxrenovables.com\/en\/wp-content\/uploads\/2021\/11\/AUDAX-LOGO-COLOR-RGB-2048x745.png 2048w\" sizes=\"(max-width: 2250px) 100vw, 2250px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-20 elementor-top-column elementor-element elementor-element-7b4f0779\" data-id=\"7b4f0779\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-20 elementor-top-column elementor-element elementor-element-66b14c0\" data-id=\"66b14c0\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-20 elementor-top-column elementor-element elementor-element-c750f13\" data-id=\"c750f13\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-20 elementor-top-column elementor-element elementor-element-1721d3b1\" data-id=\"1721d3b1\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-77f23d75 elementor-widget__width-initial elementor-widget elementor-widget-html\" data-id=\"77f23d75\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<iframe src=\"https:\/\/asp.bmeinntech.es\/IFBLayout\/Layout.aspx?layout=MiniHome&client=Audax\" height=\"22px\"  frameborder=\"0\" scrolling=\"no\"><\/iframe>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3e1f7f3d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3e1f7f3d\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-771cd2f6\" data-id=\"771cd2f6\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-54c1b2d4 elementor-widget elementor-widget-theme-post-title elementor-page-title elementor-widget-heading\" data-id=\"54c1b2d4\" data-element_type=\"widget\" data-widget_type=\"theme-post-title.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.7.8 - 02-10-2022 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h1 class=\"elementor-heading-title elementor-size-default\">Audax Renovables agrees a line of secured promissory notes with the ICO for 119 million<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4b7e33d elementor-widget elementor-widget-bdt-breadcrumbs\" data-id=\"4b7e33d\" data-element_type=\"widget\" data-widget_type=\"bdt-breadcrumbs.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class='bdt-ep-breadcrumbs-wrapper'><ul class=\"bdt-ep-breadcrumb  breadcrumb-align-center \"><li><a href=\"https:\/\/www.audaxrenovables.com\/en\/\">Audax Renovables<\/a><\/li>\n<\/ul><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-48404194 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"48404194\" data-element_type=\"section\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-539c892d\" data-id=\"539c892d\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5a181db8 elementor-widget elementor-widget-text-editor\" data-id=\"5a181db8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.7.8 - 02-10-2022 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#818a91;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#818a91;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<h3 style=\"text-align: center;\"><strong><span style=\"color: #ffcc00;\">\u00b7 The Instituto de Cr\u00e9dito Oficial (Official Credit Institution) thus guarantees the issues in the Alternative Fixed Income Market (MARF) within the framework of the promissory notes programme that Audax maintains in force for a limit of 300 million euros.<\/span><\/strong><\/h3><h3 style=\"text-align: center;\"><strong><span style=\"color: #ffcc00;\"><br \/>\u00b7 This transaction consolidates Audax Renovables as one of the main issuers in the Alternative Fixed Income Market and enhances the company\u2019s credit rating.<\/span><\/strong><\/h3><p>Audax Renovables (ADX.MC), a vertically integrated Spanish energy group that generates and supplies 100% renewable electricity and gas to customers in 7 countries, has signed an agreement with the Instituto de Cr\u00e9dito Oficial (ICO) under which it will obtain a new line of financing in promissory notes secured by the entity for a nominal amount of up to 170 million euros and a guarantee of up to 119 million euros.<\/p><p>The agreement guarantees 70% of the promissory notes issued by Audax Renovables in the Alternative Fixed Income Market (MARF) up to that amount, within the framework of the programme that the company maintains in force for a limit of 300 million euros. This programme allows issuances to be made for a maximum of 2 years.<\/p><p>This transaction consolidates Audax Renovables as one of the main issuers in the MARF, offering investors promissory notes underwritten by the ICO, which enhances the credit rating and the possibility of investing in the long maturities of the promissory note curve under attractive conditions. The company thus has the support of the Instituto de Cr\u00e9dito Oficial, in a measure that has already been used by other large operators in our country.<\/p><p>Yesterday afternoon, the Information Base Supplement of Incorporation of Audax Renovables into the Alternative Fixed Income Market (MARF) was signed between the company, the Instituto de Cr\u00e9dito Oficial (ICO) and the MARF. The agreement was signed yesterday at ICO\u2019s headquarters in Madrid by Enrique Blanco, on behalf of the ICO, Gonzalo G\u00f3mez on behalf of MARF, and Eduard Romeu on behalf of Audax Renovables.<\/p><p>The Instituto de Cr\u00e9dito Oficial once again demonstrates its commitment and support to Spanish companies in times of certain uncertainty, according to the current market situation.<\/p><p>\u00a0<\/p><p>\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-703f448d elementor-widget elementor-widget-heading\" data-id=\"703f448d\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">About Audax Renovables<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7a244bf1 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"7a244bf1\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.7.8 - 02-10-2022 *\/\n.elementor-widget-divider{--divider-border-style:none;--divider-border-width:1px;--divider-color:#2c2c2c;--divider-icon-size:20px;--divider-element-spacing:10px;--divider-pattern-height:24px;--divider-pattern-size:20px;--divider-pattern-url:none;--divider-pattern-repeat:repeat-x}.elementor-widget-divider .elementor-divider{display:-webkit-box;display:-ms-flexbox;display:flex}.elementor-widget-divider .elementor-divider__text{font-size:15px;line-height:1;max-width:95%}.elementor-widget-divider .elementor-divider__element{margin:0 var(--divider-element-spacing);-ms-flex-negative:0;flex-shrink:0}.elementor-widget-divider .elementor-icon{font-size:var(--divider-icon-size)}.elementor-widget-divider .elementor-divider-separator{display:-webkit-box;display:-ms-flexbox;display:flex;margin:0;direction:ltr}.elementor-widget-divider--view-line_icon .elementor-divider-separator,.elementor-widget-divider--view-line_text .elementor-divider-separator{-webkit-box-align:center;-ms-flex-align:center;align-items:center}.elementor-widget-divider--view-line_icon .elementor-divider-separator:after,.elementor-widget-divider--view-line_icon .elementor-divider-separator:before,.elementor-widget-divider--view-line_text .elementor-divider-separator:after,.elementor-widget-divider--view-line_text .elementor-divider-separator:before{display:block;content:\"\";border-bottom:0;-webkit-box-flex:1;-ms-flex-positive:1;flex-grow:1;border-top:var(--divider-border-width) var(--divider-border-style) var(--divider-color)}.elementor-widget-divider--element-align-left .elementor-divider .elementor-divider-separator>.elementor-divider__svg:first-of-type{-webkit-box-flex:0;-ms-flex-positive:0;flex-grow:0;-ms-flex-negative:100;flex-shrink:100}.elementor-widget-divider--element-align-left .elementor-divider-separator:before{content:none}.elementor-widget-divider--element-align-left .elementor-divider__element{margin-left:0}.elementor-widget-divider--element-align-right .elementor-divider .elementor-divider-separator>.elementor-divider__svg:last-of-type{-webkit-box-flex:0;-ms-flex-positive:0;flex-grow:0;-ms-flex-negative:100;flex-shrink:100}.elementor-widget-divider--element-align-right .elementor-divider-separator:after{content:none}.elementor-widget-divider--element-align-right .elementor-divider__element{margin-right:0}.elementor-widget-divider:not(.elementor-widget-divider--view-line_text):not(.elementor-widget-divider--view-line_icon) .elementor-divider-separator{border-top:var(--divider-border-width) var(--divider-border-style) var(--divider-color)}.elementor-widget-divider--separator-type-pattern{--divider-border-style:none}.elementor-widget-divider--separator-type-pattern.elementor-widget-divider--view-line .elementor-divider-separator,.elementor-widget-divider--separator-type-pattern:not(.elementor-widget-divider--view-line) .elementor-divider-separator:after,.elementor-widget-divider--separator-type-pattern:not(.elementor-widget-divider--view-line) .elementor-divider-separator:before,.elementor-widget-divider--separator-type-pattern:not([class*=elementor-widget-divider--view]) .elementor-divider-separator{width:100%;min-height:var(--divider-pattern-height);-webkit-mask-size:var(--divider-pattern-size) 100%;mask-size:var(--divider-pattern-size) 100%;-webkit-mask-repeat:var(--divider-pattern-repeat);mask-repeat:var(--divider-pattern-repeat);background-color:var(--divider-color);-webkit-mask-image:var(--divider-pattern-url);mask-image:var(--divider-pattern-url)}.elementor-widget-divider--no-spacing{--divider-pattern-size:auto}.elementor-widget-divider--bg-round{--divider-pattern-repeat:round}.rtl .elementor-widget-divider .elementor-divider__text{direction:rtl}.e-container>.elementor-widget-divider{width:var(--container-widget-width,100%);--flex-grow:var(--container-widget-flex-grow,0)}<\/style>\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-23122c95 elementor-widget elementor-widget-text-editor\" data-id=\"23122c95\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Founded in 2000, Audax Renovables is a vertically integrated Spanish energy group that generates 100%\u00a0renewable energy and supplies electricity and gas to customers in seven European countries. It currently\u00a0has a portfolio of wind farms and photovoltaic plants in Spain, Portugal, Italy, France, Poland and Panama\u00a0in operation, under construction and at various stages of development, totalling 2,524 MW. In its supplying activity, the group chaired by Jos\u00e9 El\u00edas Navarro supplies renewable energy and gas to more than 544,000 customers in Spain, Portugal, Italy, Germany, Poland, Holland and Hungary, and leads the SME segment in Iberia. Audax was listed on the Spanish secondary market in 2003, and in 2007 it made the leap to the continuous market, where it became part of the IBEX SMALL CAP \u00ae index in March 2020. Currently, its market capitalisation exceeds 600 million euros, and it has a team of more than 800 professionals.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-4969fe5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4969fe5\" data-element_type=\"section\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-671423c elementor-hidden-tablet elementor-hidden-mobile\" data-id=\"671423c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-a857eb0\" data-id=\"a857eb0\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-ea2bfa5 elementor-hidden-tablet elementor-hidden-mobile\" data-id=\"ea2bfa5\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Audax Renovables \u00b7 The Instituto de Cr\u00e9dito Oficial (Official Credit Institution) thus guarantees the issues in the Alternative Fixed Income Market (MARF) within the framework of the promissory notes programme that Audax maintains in force for a limit of 300 million euros. \u00b7 This transaction consolidates Audax Renovables as one of the main issuers in [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":10437,"comment_status":"open","ping_status":"open","sticky":false,"template":"elementor_canvas","format":"standard","meta":[],"categories":[71],"tags":[],"_links":{"self":[{"href":"https:\/\/www.audaxrenovables.com\/en\/wp-json\/wp\/v2\/posts\/10440"}],"collection":[{"href":"https:\/\/www.audaxrenovables.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.audaxrenovables.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.audaxrenovables.com\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.audaxrenovables.com\/en\/wp-json\/wp\/v2\/comments?post=10440"}],"version-history":[{"count":25,"href":"https:\/\/www.audaxrenovables.com\/en\/wp-json\/wp\/v2\/posts\/10440\/revisions"}],"predecessor-version":[{"id":13726,"href":"https:\/\/www.audaxrenovables.com\/en\/wp-json\/wp\/v2\/posts\/10440\/revisions\/13726"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.audaxrenovables.com\/en\/wp-json\/wp\/v2\/media\/10437"}],"wp:attachment":[{"href":"https:\/\/www.audaxrenovables.com\/en\/wp-json\/wp\/v2\/media?parent=10440"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.audaxrenovables.com\/en\/wp-json\/wp\/v2\/categories?post=10440"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.audaxrenovables.com\/en\/wp-json\/wp\/v2\/tags?post=10440"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}