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    Småkraft secures 12 years fixed rate loan with institutional investors


    May 13, 2022 - Oslo Bors Newsfeed

     

       Småkraft AS closed a new 12-year fixed rate loan with a club of renowned institutional investors on May 12th. The EUR 80m loan is issued by a wholly-owned subsidiary of Småkraft AS and is secured with pledges in 22 power plants. The loan is non-amortising until 2034 with a fixed rate coupon of 3.25% p.a. "We welcome our new bond investors and believe the diversification of debt maturities strengthens the financial prowess of Småkraft" says CEO in Småkraft AS Terje Vedeler. "With this loan we have enabled a novel long term funding source, which complements the Nordic banks and green bond ". ABG Sundal Collier acted as manager for the debt financing. For more information, contact: Tone Aarø, Interim Chief Financial Officer, +47 920 80 627 About Småkraft: o With an annual production exceeding 1,7 TWh and 199 power plants in operation in Norway and Sweden, Småkraft is Europe's largest small-scale hydro power company o Småkraft partners with over 700 local landowners to develop renewable energy o Småkraft has 26 employees in offices in Bergen, Flatanger, Harstad, Lillestrøm, Sandnes, Verdal, Oslo and Uppsala

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