Audax Renewables has signed an agreement with the Official Credit Institute (ICO) for which you will get a new financing line in promissory notes guaranteed by the entity for a nominal amount of up to 170 million euros and a guarantee of up to 119 million euros. This integrated Spanish energy group that generates and supplies 100% renewable electricity and gas to customers in seven countries, guarantees 70% of the promissory note issues that Audax Renovables makes in the Alternative Fixed Income Market (MARF) up to that figure, within the framework of the program that the company maintains in force for a limit of 300 million euros. This program allows for issues up to a maximum term of 2 years. This operation reaffirms Audax Renovables as one of the main issuers of the MARF, offering investors promissory notes guaranteed by the ICO.
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The agreement was signed at the ICO headquarters in Madrid by Enrique Blanco, on behalf of the entity; Gonzalo Gómez on behalf of MARF and Eduard Romeu on behalf of Audax Renovables. The company has reported that Banca March has adhered to said framework contract as payment agent, according to a statement from Bold disclosed by the National Stock Market Commission (CNMV).
Founded in 2000, Audax Renovables offers services in Spain, Portugal, Italy, France, Poland and Panama, with 2,536 MW in operation, under construction and in various stages of development. The group chaired by José Elías Navarro has more than 518,000 clients in Spain, Portugal, Italy, Germany, Poland, the Netherlands and Hungary. Audax began trading on the Spanish secondary market in 2003, and in 2007 it made the leap to the continuous market, in which it became part of the IBEX SMALL CAP index in March 2020. In 2021 its turnover reached 1,690 million euros, and has a staff of about 800 people.
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