{"id":41114,"date":"2026-05-22T08:27:34","date_gmt":"2026-05-22T07:27:34","guid":{"rendered":"https:\/\/www.alantra.com\/?post_type=ib-transaction&#038;p=41114"},"modified":"2026-05-22T08:31:06","modified_gmt":"2026-05-22T07:31:06","slug":"audax-renovables-debt-advisory-2","status":"publish","type":"ib-transaction","link":"https:\/\/www.alantra.com\/es\/ib-transaction\/audax-renovables-debt-advisory-2\/","title":{"rendered":"Alantra advises Audax Renovables on the issuance of a \u20ac350mn high-yield bond"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Madrid \u2013<\/strong> Alantra acted as exclusive financial advisor to Audax Renovables S.A. (\u201cAudax\u201d), one of Spain\u2019s leading listed energy utilities, on the issuance of \u20ac350mn high-yield bond with a 7.5% fixed coupon maturing in 2031. The bond was three times oversubscribed and proceeds will be used to repay three existing bonds maturing in 2027 and 2028.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Founded in 2009, Audax has a relevant power and gas supply business across seven European countries, complemented by a renewable power generation business combining solar PV and onshore wind assets. The company supplies electricity and gas to more than 460,000 customers, focused on B2B clients, and runs a portfolio of 1,037MW across operating and development-stage renewable assets.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Alantra supported Audax throughout the refinancing process, including rating preparation with S&amp;P and Fitch, analysis of financing alternatives, transaction structuring, documentation, and advice throughout the placement of the bonds.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The high-yield market was selected due to liquidity and covenant flexibility. The transaction was closed in a highly volatile macroeconomic environment, with strong investor demand demonstrating the strong credit appetite from investors<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.alantra.com\/es\/team-member\/javier-garcia-palencia\/\">Javier Garc\u00eda Palencia<\/a>, Managing Partner &amp; CEO of Alantra Investment Banking Spain, said: \u201cWe are pleased to have supported Audax once again on a transaction that confirms our long-term relationship and continuous support with the company. This refinancing required a detailed assessment of alternatives, careful rating preparation, and strong execution in a volatile market environment. The significant oversubscription of the bond reflects the strength of Audax\u2019s credit profile and enabled the company to secure long-term financing with enhanced liquidity and covenant flexibility.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This transaction reinforces Alantra\u2019s expertise in debt advisory and capital markets transactions, as well as its ability to support companies through complex refinancing processes. Recent relevant transactions include advising <a href=\"https:\/\/www.alantra.com\/ib-transaction\/obrascon-huarte-lain-s-a-ohla-debt-advisory-debt-refinancing\/\">OHLA<\/a> on the \u20ac63mn refinancing of Galer\u00eda Canalejas Madrid, <a href=\"https:\/\/www.alantra.com\/ib-transaction\/incarlopsa-debt-advisory\/\">Grupo Incarlopsa<\/a> on a \u20ac357mn long-term financing to support its growth strategy, and <a href=\"https:\/\/www.alantra.com\/ib-transaction\/afianza-asesores-debt-advisory-new-debt-raising\/\">Afianza Asesores<\/a> on a \u20ac110mn unitranche financing with BlackRock.<\/p>\n\n\n    <div class=\"button--block \">\n        <div class=\"button--block_box\">\n                                                                <a href=\"https:\/\/www.alantra.com\/what-we-do\/investment-banking\/transactions\/?country=spain\" class=\"btn\" target=\"_blank\">View Spain <span class=\"btn__arrow\"><\/span><\/a>\n                                                                                <a href=\"https:\/\/www.alantra.com\/what-we-do\/investment-banking\/transactions\/?sector=energy\" class=\"btn\" target=\"\">View Energy <span class=\"btn__arrow\"><\/span><\/a>\n                                                                                <\/div>\n    <\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Madrid \u2013 Alantra acted as exclusive financial advisor to Audax Renovables S.A. (\u201cAudax\u201d), one of Spain\u2019s leading listed energy utilities, on the issuance of \u20ac350mn high-yield bond with a 7.5% fixed coupon maturing in 2031. The bond was three times oversubscribed and proceeds will be used to repay three existing bonds maturing in 2027 and [&hellip;]<\/p>\n","protected":false},"featured_media":41116,"parent":0,"template":"","meta":{"_acf_changed":false},"country":[8],"ib-service":[97],"sector":[166],"subsector":[],"class_list":["post-41114","ib-transaction","type-ib-transaction","status-publish","has-post-thumbnail","hentry","country-spain","ib-service-debt-advisory","sector-energy"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.alantra.com\/es\/wp-json\/wp\/v2\/ib-transaction\/41114","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.alantra.com\/es\/wp-json\/wp\/v2\/ib-transaction"}],"about":[{"href":"https:\/\/www.alantra.com\/es\/wp-json\/wp\/v2\/types\/ib-transaction"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.alantra.com\/es\/wp-json\/wp\/v2\/media\/41116"}],"wp:attachment":[{"href":"https:\/\/www.alantra.com\/es\/wp-json\/wp\/v2\/media?parent=41114"}],"wp:term":[{"taxonomy":"country","embeddable":true,"href":"https:\/\/www.alantra.com\/es\/wp-json\/wp\/v2\/country?post=41114"},{"taxonomy":"ib-service","embeddable":true,"href":"https:\/\/www.alantra.com\/es\/wp-json\/wp\/v2\/ib-service?post=41114"},{"taxonomy":"sector","embeddable":true,"href":"https:\/\/www.alantra.com\/es\/wp-json\/wp\/v2\/sector?post=41114"},{"taxonomy":"subsector","embeddable":true,"href":"https:\/\/www.alantra.com\/es\/wp-json\/wp\/v2\/subsector?post=41114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}