PATRIZIA secures $204M refinancing for SAREN Energy's Norwegian waste-to-energy platform
PATRIZIA secured approximately €175 million ($204 million) in new senior and junior debt financing for SAREN Energy AS, a Norwegian waste-to-energy platform it manages. This refinancing replaces prior debt arrangements and establishes a flexible, long-term capital structure for SAREN's growth strategy.
Counterparts (3)
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- $204 million (€175 million) refinancing secured by PATRIZIA.
- Involves PATRIZIA (manager), SAREN Energy (developer), and Nordic/international lenders.
- Focuses on a Norwegian waste-to-energy platform.
- Establishes a flexible, long-term capital structure for SAREN Energy's growth.
Source Intelligence
The refinancing replaces prior debt arrangements and establishes a flexible, long-term capital structure aligned with SAREN’s continued organic and inorganic growth strategy. It follows the recent completion of a €60 million ($70 million) capex expansion in Tromsø, increasing SAREN’s installed waste-to-energy capacity by 16 percent.
"PATRIZIA, an investment manager in global real assets, has secured approximately €175 million ($204 million) in new senior and junior debt financing for the Norwegian waste-to-energy platform, SAREN Energy AS, managed by PATRIZIA, supported by Nordic and international lenders."
"for the Norwegian waste-to-energy platform, SAREN Energy AS, managed by PATRIZIA."
"supported by Nordic and international lenders."
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