The energy company Audax amortizes 359 million in bonds
The company reduces the maturities planned for 2027 and 2028
BarcelonaAudax has finalized the repurchase and amortization of bonds for 359.2 million euros, "an operation that allows for a significant reduction in maturities foreseen for 2027 and 2028 and advances in the optimization of the financial structure," as the company reported in a statement this Wednesday.
The transaction is part of Audax's active financial debt management strategy and "represents a new step in the optimization" of its capital structure and financial maturity calendar. On the one hand, the company has repurchased 294.1 million euros of senior bonds, maturing in December 2027 with a fixed annual interest rate of 4.2%.
On the other hand, it has repurchased 2.5 million euros of green bonds maturing in July 2028 with a 5.8% coupon, as well as an additional 62.6 million euros of green bonds maturing in November 2028 with a 5.85% coupon.
The operation allows the company to maintain the net financial debt to EBITDA (earnings before interest, taxes, and amortization) ratio below 3.0x, in line with the commitment communicated to the market. The operation involved Banca March and Goldman Sachs Bank Europe SE as dealer managers, while Banco Inversis acted as settlement agent. Likewise, Issuer Solutions acted as information agent and J&A Garrigues legally advised the company.
Audax is an energy group controlled by José Elías and vertically integrated, which generates 100% renewable energy and markets electricity, gas, and energy efficiency solutions. With a presence in 9 countries and over 800 employees, it supplies electricity and gas to more than 462,000 customers and manages a portfolio of wind and photovoltaic generation exceeding 1 GW of power. The company is listed on the Spanish Continuous Market.
The company closed the 2025 fiscal year with slightly lower results, both in turnover and net profit. The Catalan energy company registered 1,884 million euros in revenue, 5.2% less than the previous fiscal year, with a net profit of 43.5 million euros, 1.1% less year-on-year.