(Finance) – Innovateca company listed on Euronext Growth Milan and activates in the energy efficiency and environmental sustainability sectors, has aimed atissue of a 3 million euro bond loan (minibond)with the aim of supporting development in the renewable business.
The emission of the minibond allows in particular to Innovatec to intervene to support the group for the financing of the investment program connected to the enhancement of the current photovoltaic pipeline in development of about 250mw, of which 40mw already authorized for the completion of the relative authorization process and the increase in the Ready to Build system capacity. With a financial position net post-split pro-form of a positive group at 31 December 2024 of 1 million euros, Innovatec follows significant benefits in terms of diversification of the forms of financing exploiting the lever effect in the absence of net financial debt.
“The constant commitment aimed at completing our plants of plants and the Strategic partnership with Zenit Sgr They allow us to face 2025 with confidence and determination. Innovatec today is positioned in the market as a solid operator, able to generate value through a sustainable and scalable business model – commented theTo Roberto Maggio – We will continue to invest in the optimization and expansion of the plants portfolio, focusing on the diversification of the sources of revenue, continuous over time and independent of the incentive mechanisms “.
The minibond expires on November 30, 2026, annual interest rate of 7% and a Amortian refund with 15 months of pre -amortization. The bonds were issued on an equal footing, with a unitary cut of 100,000 euros. In addition, the minibond is subject, Inter alia, to respect Covenant relating to the level of net financial debt compared to net and ebitda assets.