REFI Solar, a company of INVL Renewable Energy Fund I \u2013 an investment fund focusing on renewable energy projects and managed by INVL Asset Management, a leading alternative asset management group in the Baltics \u2013 has repaid in full a EUR 17.5 million loan to the global investment management firm Cordiant Capital nearly six months ahead of the original maturity date.<\/p>\n
The loan from Cordiant Capital was used to expand the capacity of solar parks under development in Poland and Romania, with a total combined capacity of 389 megawatts (MW). The financing enabled the company to support part of the construction phase of these projects and continue their successful development. Although the loan was originally due in May 2026, the company met its obligations early, supported by capital successfully raised from local investors.<\/p>\n
\u201cThis is an important milestone in the fund\u2019s lifecycle \u2013 we are successfully completing our cooperation with a world-class institutional lender. When offering REFI Sun bonds to investors, we communicate that the proceeds are used to optimize the fund\u2019s capital structure and service existing obligations,\u201d says Liudas Liutkevi\u010dius, Managing Partner at INVL Renewable Energy Fund I.<\/p>\n
The early repayment to Cordiant Capital further strengthens the fund\u2019s capital structure and enhances its attractiveness to investors as it prepares for further bond placement rounds.<\/p>\n
\u201cThe successful repayment of institutional debt is a strong signal to the market. It not only marks the fund\u2019s first major successfully completed debt transaction but also represents a solid step towards creating sustainable long-term returns for our bondholders and fund investors,\u201d adds Liutkevi\u010dius.<\/p>\n
Currently, INVL Renewable Energy Fund I has raised a total of EUR 97.768 million from investors through fund units and bonds issued by its controlled companies.<\/p>\n
About the INVL Renewable Energy Fund I<\/strong><\/p>\n INVL Renewable Energy Fund I was established on 20 July 2021 by INVL Asset Management, the leading alternative asset manager in the Baltic States, as a sub-fund for informed investors. It invests in early- and mid-stage renewable energy projects (solar), including the construction of new power plants, the development and\/or acquisition of the infrastructure necessary for the operation of power plants, and effective management of existing power plants in the European Union and member states of the European Economic Area.<\/p>\n INVL Asset Management is part of Invalda INVL, the leading Baltic asset management group.<\/p>\n About Invalda INVL group<\/strong><\/p>\n Invalda INVL is the leading Baltic asset management group with a track record spanning over 30 years. The group\u2019s companies manage or have under supervision more than EUR 2 billion of assets across multiple asset classes including private equity, forests and agricultural land, renewable energy, real estate as well as private debt. The group\u2019s scope of activities also includes family office services in Lithuania, Latvia and Estonia, management of pension funds in Latvia, and investments in global third-party funds.<\/p>\n Important notice<\/strong><\/p>\n This is a marketing communication, which is not and shall not be construed as an offer to purchase investment units of a collective investment undertaking, an investment recommendation, or investment research, as it is not designed to take into account the investment objectives, financial situation, or needs any individual investor.<\/p>\n When investing, the investors assume the risk associated with the investment. The value of investments can both rise and fall, and an investor may recover less than he\/she\/it has invested. Past investment results do not guarantee the same results or profitability in the future. Past performance is not a reliable indicator of future performance. Before making a decision to invest, potential investors should, on their own or with the help of investment advisers, assess the suitability of the investment for them along with the taxes and fees related to the investment, consider all the risks related to the investment, and carefully read the rules, prospectus and other documents of the respective collective investment undertaking.<\/p>\n Units of this collective investment undertaking, mentioned in this press release may only be distributed to informed investors as defined in the Law on Collective Investment Undertakings for Informed Investors of the Republic of Lithuania, as amended and supplemented from time to time, and may not be distributed and transferred to any other clients.<\/p>\n","protected":false},"excerpt":{"rendered":" REFI Solar, a company of INVL Renewable Energy Fund I \u2013 an investment fund focusing on renewable energy projects and managed by INVL Asset Management, a leading alternative asset management group in the Baltics \u2013 has repaid in full a EUR 17.5 million loan to the global investment management firm Cordiant Capital nearly six months […]<\/p>\n","protected":false},"author":6,"featured_media":200369,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[306],"tags":[367],"class_list":["post-200371","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-invl-renewable-energy-fund-i","tag-real-assets"],"acf":[],"yoast_head":"\n