Fellow Finance secures €15 million placement of 5.75% notes; Atlantica sells six-year notes

By Devika Patel

Knoxville, Tenn., May 28 – Tuesday brought a private placement to market from Fellow Finance plc, which priced €15 million of 5.75% unsecured notes due May 29, 2022.

Evli Bank plc is the lead manager.

Fellow Finance, a Helsinki, Finland-based provider of crowdfunding services, will use the proceeds to refinance existing loans, to diversify financing sources, for business growth and for general corporate purposes.

Atlantica Yield plc completed the issuance of its new six-year senior note issuance facility agreement.

The amount of the facility is the euro equivalent of $300 million.

Proceeds will be used to redeem all of Atlantica’s outstanding 7% senior notes due Nov. 15, 2019 on May 31 and for general corporate purposes.

The cost of the facility agreement has been hedged at about 4.4%.

Brentford, England-based Atlantica Yield owns a portfolio of contracted renewable energy, efficient natural gas, electric transmission and water assets.

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