ContourGlobal Limited (“ContourGlobal” and, together with its subsidiaries, the “Group”) announces today the launch by ContourGlobal Power Holdings S.A. (the “Issuer”), an indirect subsidiary of ContourGlobal, of an offering of €940 million (equivalent) in aggregate principal amount of Green Senior Secured Notes to be issued in a combination of (i) euro-denominated Green Senior Secured Notes due 2030 and (ii) U.S. dollar-denominated Green Senior Secured Notes due 2030 (together, the “Notes”) (the “Offering”).
The Offering
The proceeds from the Offering will be used to (i) redeem the entire outstanding amount of the Issuer’s 2.750% Senior Secured Notes due 2026, (ii) partially repay amounts outstanding under certain of the Group’s debt facilities and (iii) pay any fees, costs and expenses incurred in connection with the foregoing. The Group intends to allocate an amount equivalent to the net proceeds of the Offering to finance or refinance a portfolio of eligible green projects.
