{"id":13670,"date":"2023-11-16T07:11:54","date_gmt":"2023-11-16T07:11:54","guid":{"rendered":"https:\/\/www.audaxrenovables.com\/en\/?p=13670"},"modified":"2023-11-21T11:33:02","modified_gmt":"2023-11-21T11:33:02","slug":"audax-renovables-launches-a-bond-repurchase-programme-of-up-to-50-million","status":"publish","type":"post","link":"https:\/\/www.audaxrenovables.com\/en\/audax-renovables-launches-a-bond-repurchase-programme-of-up-to-50-million\/","title":{"rendered":"Audax Renovables launches a bond repurchase  programme of up to 50 million"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"13670\" class=\"elementor elementor-13670\">\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>\/*! 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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 launches a bond repurchase  programme of up to 50 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><strong><span style=\"color: #ff9900;\">\u25aa <\/span><span style=\"color: #ff9900;\">The company aims to optimise the level of available cash and the volume and cost \u00a0of financial debt, while providing liquidity to bondholders who may be interested in divesting.<\/span><\/strong><\/h3><p>\u00a0<\/p><p><b>NOVEMBER 16, 2023.- <\/b><span style=\"font-weight: 400;\">Audax Renovables (ADX.MC), the Spanish vertically integrated energy\u00a0 group with 100% renewable generation and electricity and gas supply to customers in 7\u00a0 European countries, has launched a bond repurchase programme for a maximum amount of up\u00a0 to 50 million of &#8220;Issue Number 2 of Senior Unsecured Notes of Audax Renovables, S.A. 2020&#8221;,\u00a0 representing a total of 500 bonds with a nominal amount of \u20ac100,000 each.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">The aim of this debt repurchase programme is, amongst others, to optimise the level of\u00a0 available cash, the volume and cost of the company&#8217;s debts through the proactive management\u00a0 of financial liabilities in the capital markets, as well as to provide liquidity to the bonds and\u00a0 therefore to bondholders who may be interested in divesting.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">The company&#8217;s Board of Directors has agreed to a maximum duration of 12 months for the\u00a0 repurchase programme, although it reserves the right to finalise it if the maximum number of\u00a0 authorised bonds has been acquired before the expiry of the period. Following the publication\u00a0 of its results to September, in which it doubled its EBITDA to 77 million, the company now has\u00a0 a good liquidity position and is making progress towards its debt reduction target.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">PKF Attest Capital Markets, S.V., S.A. will be the manager of the Buyback Programme and will\u00a0 purchase the Bonds on behalf of the Company.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">The finalisation or extension of the Repurchase Programme, as well as the bond purchase\u00a0 transactions carried out under it, will be duly communicated to the market by means of the\u00a0 corresponding notifications.\u00a0<\/span><\/p><p>\u00a0<\/p><p><b>For more information:\u00a0<\/b><\/p><p><span style=\"font-weight: 400;\">Roman\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Gin\u00e9s Ca\u00f1abate\u00a0\u00a0<\/span><span style=\"font-weight: 400;\">g.canabate@romanrm.com <\/span><span style=\"font-weight: 400;\">| (+34) 649 214 470\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Patricia Gonz\u00e1lez\u00a0\u00a0<\/span><span style=\"font-weight: 400;\">p.gonzalez@romanrm.com <\/span><span style=\"font-weight: 400;\">| (+34) 915 915 500\u00a0<\/span><\/p><p>\u00a0<\/p><p><b>About Audax Renovables\u00a0<\/b><\/p><p><span style=\"font-weight: 400;\">Founded in 2000, Audax Renovables is a vertically integrated Spanish energy group that generates 100%\u00a0 renewable energy and supplies electricity and gas to customers in 9 countries.<\/span><\/p><p><span style=\"font-weight: 400;\">It currently has a portfolio of wind farms and photovoltaic plants in operation, under construction and in\u00a0 various stages of development in Spain, Portugal, Italy, France, Poland and Panama, totalling 1.4 GW. In\u00a0 its commercialisation activity, the group chaired by Jos\u00e9 El\u00edas Navarro supplies electricity and gas to more\u00a0 than 373,000 customers in Spain, Portugal, Italy, Germany, Poland, Holland and Hungary, and leads the\u00a0 SME segment in Spain as an independent marketer. Audax began trading on the Spanish secondary market\u00a0 in 2003, and in 2007 it made the leap to the continuous market. It is currently included in the IBEX Small\u00a0 Cap\u00ae and MSCI World Small Cap\u00ae indices, has a market capitalisation of over 500 million and a team of\u00a0 approximately 800 professionals.\u00a0<\/span><\/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-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 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providing liquidity to bondholders who may be interested in divesting. \u00a0 NOVEMBER 16, 2023.- Audax Renovables (ADX.MC), the Spanish vertically integrated energy\u00a0 group with 100% renewable generation and electricity and gas supply to 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