Case Study

Solør Bioenergi refinances existing debt facility

Solør Bioenergi AB is a privately-owned Northern European district heating platform, with main operations in Sweden, and further operations in Norway and Poland.

Solør Bioenergi
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At a Glance

Solør Bioenergi AB delivers heat and industrial steam via its own infrastructure and plants from ~300 sites.

In February 2024, PGIM provided SEK 1,560m Senior Secured Notes to the Company. Solør Bioenergi will use the proceeds to refinance existing debt.

This transaction is a joint effort between the Frankfurt office and Power group and broadens our investment footprint in Scandinavia.

We are proud to call Solør Bioenergi a partner and look forward to supporting the business in the years to come.

Relationship Since 2024
 
Transaction details:
  • SEK 1,560,000,000 Senior Secured Notes

“PGIM was pleased to be able to support Solør Bioenergi in this important transaction. Solør Bioenergi’s business practice of utilizing sustainably sourced biomass for space heating aligns well with our strategy to finance a more environmentally friendly future.”

Steven Hendricks & Florian Seifert PGIM

<p>“PGIM was pleased to be able to support Solør Bioenergi in this important transaction. Solør Bioenergi’s business practice of utilizing sustainably sourced biomass for space heating aligns well with our strategy to finance a more environmentally friendly future.”</p>

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Meet Our Team

Florian Seifert, CFA
Florian Seifert, CFA

Senior Director, Europe & UK Corporate Finance

+49 69 95528717

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Steven Hendricks, CFA
Steven Hendricks, CFA

Executive Director, Real Assets - Power group

+1 (214) 720-6260

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