7C Solarparken AG: 7C Solarparken completes the re-financing of its largest PV installation

Bayreuth (pta011/30.06.2017/10:57 UTC+2) 7C Solarparken takes advantage of the low interest rate environment and completes the re-financing of its largest PV installation

Bayreuth, 30. June 2017 - 7C Solarparken AG (WKN: A11QW6, ISIN: DE 000A11QW68 / WKN: A14KRM ISIN: DE000A14KRM4; Börse: Regulierter Markt in Frankfurt/Main (General Standard)) has today completed the re-financing of the project company "Renewagy 2. Solarprojektgesellschaft mbH & Co. KG" holding the group's largest PV installation located in Moorenweis (5.9 MWp). At year-end 2016, the project loan with a nominal value of EUR 12.9 Mio (IFRS value: EUR 14.3 Mio) carried a fixed interest rate of 5.4%. Also the refinancing arrangement is structured as a non-recourse project loan with a maturity until 2025, but it enjoys a more favorable fixed interest rate of 1.8%. The annual saving in the first full year will therefore amount to EUR 0.4 Mio.

Steven De Proost, CEO of 7C Solarparken AG, is pleased: "The successful execution of the re-financing agreement is an important milestone of our Plan 2016-18 in which we planned to optimize the value of the existing portfolio. Through this transaction the weighted average cost of debt sinks from 3.3% to 3.0% on consolidated level."

About 7C Solarparken
7C Solarparken AG is a listed owner/operator of PV plants in Germany with a portfolio of ca. 107 MWp. The shares of the company are traded on the regulated segment of the Frankfurt 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) DE000A2DAP26 (Share)
Stock Exchange(s):	Regulated Market in Frankfurt; Free Market in Berlin, Dusseldorf, Munich, Stuttgart