Alternus sheds $100 million of debt and payables, improves shareholder equity position by circa $45 million from disposal of certain subsidiaries

Fort mill, south carolina--(newsfile corp. - october 8, 2024) - alternus clean energy, inc. (nasdaq: alce) ("alternus"), announces that on october 3, 2024, by mutual agreement and in furtherance of the company's balance sheet improvement activities, solis bond company dac ("solis"), a company formed under the laws of ireland and an indirect wholly owned subsidiary of the company, was sold, along with its subsidiaries in romania, to solis trustee special vehicle limited, the solis bondholders' ownership vehicle, for one euro (€1.00) in accordance with the terms of the solis bonds, as amended. as a result of the sale, alternus has removed approximately $100 million in debt and payables related to solis activities and will improve shareholders equity by approximately $45 million.
ALCE Ratings Summary
ALCE Quant Ranking