7C Solarparken AG: Strategic Deal #1: Acquisition of Amatec and issue of a EUR 25 Mio Schuldschein loan

Bayreuth (pta027/28.02.2018/12:23 UTC+1) 7C Solarparken closes its Strategic Deal #1 comprising the acquisition of Amatec and the issue of a EUR 25 Mio Schuldschein loan.

Bayreuth, 28 February 2018 - 7C Solarparken AG (WKN: A11QW6, ISIN: DE 000A11QW68) announces that today it has reached completion of its Strategic Deal #1 of the strategic plan 2017-2019, which targeted a partnership with a developer and alternative financing.

Acquisition of the development business of Amatec
7C Solarparken has signed a purchase agreement regarding the development business of Amatec. Under the agreement, 7C Solarparken will take over a 55 MWp pipeline of project opportunities, of which 15 MWp projects in late stage development, a fully operational project of 750 kWp, a purchase option on three further operational parks and 3ha of PV Estate. The acquired business will still be run by the current managing director and his team of 5 employees. The acquisition of this pure-play German project development business creates a proprietary platform for new-build investment projects and brings a valuable network, as Amatec ranks as one of the most experienced players in the solar market with a track-record of 1.2 GWp.

Growth financing secured through a Schuldschein loan of EUR 25 Mio
In the context of the planned growth resulting from the acquisition of Amatec's development business, 7C Solarparken AG has secured a Schuldschein loan with a volume of EUR 25 Mio. The Schuldschein loan will be used to redeem a specific project finance loan (ca. EUR 10 Mio), whilst the remaining amount of EUR 15 Mio will be used as project equity for portfolio growth.

The Schuldschein is structured in two tranches with maturities of five and seven years, bearing mainly fixed interest rates. The average cost of debt to 7C Solarparken is slightly below 2.8%. The placement was arranged by Hypo Vorarlberg Bank AG and KBC Bank NV.

Steven De Proost, CEO of 7C Solarparken AG, comments: "The Schuldschein loan represents a substantial step for 7C Solarparken to secure the financial foundation to grow to 150 MWp in a first phase. The acquisition of Amatec as pure-play PV developer, in combination with a recurring deal flow already existent in 7C Solarparken, will bring the volume required to achieve our ambitions."

Acquisition of Pinta Solarparks GmbH & Co KG
7C Solarparken acquired a portfolio of three newly built rooftop projects totaling 2 MWp with further extension potential on the existing buildings. The installations, which were developed by ALTUS AG, are located nearby Salzwedel in Saxony Anhalt, and equipped with REC panels and Huawei inverters. The portfolio is estimated to generate annual EBITDA of EUR 175 T and has been project financed through a loan of EUR 1.8 Mio at a fixed rate of 1.8%. The independent investment bank MAYLAND AG acted as transaction adviser.

7C Solarparken
7C Solarparken AG is a listed owner/operator of PV plants in Germany with a portfolio of over 120 MWp. The shares of the company are traded on the regulated segment of the German Stock Exchange (General Standard)

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Emitter:	7C Solarparken AG An der Feuerwache 15 95445 Bayreuth Germany
Contact Person:	Koen Boriau
Phone:	+49 921 230557-77
E-Mail:	info@solarparken.com
Website:	www.solarparken.com
ISIN(s):	DE000A11QW68 (Share)
Stock Exchange(s):	Regulated Market in Frankfurt; Free Market in Berlin, Dusseldorf, Munich, Stuttgart