Once the accumulated principal and interest have been fully distributed among the holders, Audax Renovables announced that there is no outstanding contractual relationship with the holders of the green convertible bonds issued since 2020, thus permanently closing the validity of this financial instrument. As the company itself reported on Tuesday to the National Securities Market Commission (CNMV), this operation carried out the settlement of the 125 million euros corresponding to the entire issue, on the officially scheduled date of November 30, 2025, using the Bank of New York Mellon, London Branch, as the payment agent responsible for transferring the funds.
According to the information provided by Audax Renovables, the payment process represents the culmination of all obligations associated with the green bonds convertible into common shares, which leads to the cancellation of the outstanding balances and outstanding conversion rights of investors, according to the conditions specified when launching the financing. Media reported that this procedure was developed according to the previously announced schedule and within the conditions agreed upon with the bondholders, with the intervention of the international body charged with ensuring transparency and efficiency in disbursement.
As Audax Renovables published in its letter to the regulator, the liquidation fully complied with the standards associated with this type of sustainable financing, while the company highlighted its adaptation to the general information requirements of investors and the regulated market. The operation, which aims to support projects under environmental standards, has been approved and classified as “green bonds”, in line with sectoral trends that prioritize investments with an impact on the energy transition.
As the media explained, the official expiration occurred on the initially agreed date in November, adhering to the legal periods associated with this product. Audax Renovables stressed in its report that the management and settlement of these resources was carried out according to the reported terms “in accordance with the terms and conditions previously communicated to the market”, which reinforces the closure of this financial phase as informed by the CNMV after receiving the official notification.
The product was launched with optional conversion into common shares and was used as a means of raising resources under sustainability criteria. This method allowed the company to contribute to financing energy projects that have a positive impact on the environment and align its business strategy with green investment goals. Once the process was completed, Audax Renovables informed the regulator that the conclusion of the bond cycle leaves no remaining obligations or active contractual terms towards its holders, in accordance with the transparency required by Spanish regulations.
The media reported that the participation of an international agent such as Bank of New York Mellon London branch in the payment function contributed to ensuring good management and closing any potential future claims related to convertible debts. At the same time, the measures implemented strengthen Audax Renovables’ position in the clean energy sector and enhance its image with regulators and the financial community, in light of the correct management of complex financial instruments.
According to Audax Renovables, participants were promptly informed of the entire process, from initial issuance to settlement, ensuring compliance with information and transparency obligations towards the investment community. The media stressed that this result represents a milestone for the company and observers in the development of sustainable debt products, as the cancellation of the green bonds indicates the application of responsible financing standards by the company led by José Elias.