By Sarah Lizee
Olympia, Wash., July 10 – Miris AS priced €100 million of 6.4% four-year senior convertible green notes through US Capital Global Miris Convertible Note LLC, according to a press release and term sheet from placement agent US Capital Global Securities, LLC.
The notes are convertible 18, 30 and 42 months after issuance at a conversion discount of 25%.
The convertibles are callable from and including 18 months after issuance.
Based in Oslo, Miris enables sustainable solutions for Smart Communities through its progressive real estate projects, including the world’s first energy-positive hotel, Svart Hotel, to be located in the Arctic Circle and designed to produce 60% more energy than it consumes over the life of the building.
| Issuer: | US Capital Global Miris Convertible Note LLC
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| Issue: | Senior convertible green notes
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| Amount: | €100 million
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| Maturity: | Four years
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| Placement agent: | US Capital Global Securities, LLC
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| Coupon: | 6.4%
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| Conversion right: | 18, 30 and 42 months after issuance
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| Conversion discount: | 25%
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| Call: | From and including 18 months after issuance
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| Announcement date: | July 10
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