6th Mar 2018 13:58
Good Energy said the
In mid February, the AIM-listed renewable energy supplier said it would redeem its first bond - issued in 2013 - on March 29. This followed the sale of Newton Downs solar farm in
Good Energy sold Newton Downs for
Good Energy wrote to all bondholders about the possibility of extending the maturity to November 22, 2019 at an interest rate of 4.25% per annum. All other terms on the debt would remain the same. Holders will be entitled to request payment on maturity date or annually thereafter.
The utility provider extended the offer after a "number" of bondholder told the company they wished to continue holding the bonds.
"Good Energy has a long history of customer and investor support and we are delighted at the number of our bondholders who have chosen to continue supporting Good Energy," Good Energy Chief Executive Officer Juliet Davenport said.
"Our strategy is clear - deliver sustainable, profitable growth by understanding and meeting our customers' needs,"
"We will continue our good work, as we develop renewable energy projects and other corporate initiatives, to support the future growth of the company",
Shares in Good Energy closed 0.4% lower at
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