ENCAVIS AG

Earnings Release • Oct 16, 2014

News Details

Corporate | 16 October 2014 10:09

Capital Stage AG: Refinancing of Italian solar parks generates additional investment leeway

DGAP-News: Capital Stage AG / Key word(s): Financing

16.10.2014 / 10:09

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Hamburg, 16 October 2014 - Hamburg based operator of solar and wind parks
Capital Stage further pursues the optimisation of its financing structure.
After the successful refinancing of seven so far equity financed solar
parks in Italy, the company disposes of additional free funds amounting to
around 23 million euros. The funds are intended to be utilized for further
investments. Today, a corresponding financing agreement with BayernLB was
signed. The agreement comprises of long-term loans, which replace a major
part of the tied up equity within the individual solar park project
companies.

Felix Goedhart, CEO of Capital Stage AG, is pleased: "The successful
singning of this agreement with BayernLB is a milestone in our financing
strategy and shows, that good and highly profitable projects are bankable
everywhere."

After the successful conclusion of a credit line for acquisitions on
corporate level with a volume of twelve million euros and the refinancing
of four solar parks in Germany amounting to a total of ten million euros,
this loan represents a further improvement within the financing strategy.
Capital Stage already announced in spring to exploit the currently low
interest environment by raising debt to finance the upcoming growth steps
without equity transactions.

About Capital Stage AG:
Since 2009, Capital Stage has acquired solar power plants and wind parks in
Germany, France and Italy with a capacity totalling to around 316 MWp,
making it Germany's largest operator of solar parks. Its solar and wind
parks generate attractive returns and continuous revenues, while offering a
moderate level of investment risk.

Capital Stage AG is listed in the regulated market (Prime Standard) of the
Frankfurt Stock Exchange an in the regulated market of the Hanseatic Stock
Exchange Hamburg (ISIN: DE0006095003 / WKN: 609500). The shares of Capital
Stage AG have been included in the Deutsche Börse selective index SDAX in
March 2014.

For further information about the company, please visit
www.capitalstage.com

Contacts:

Till Gießmann
Capital Stage AG
Tel.: + 49 (0)40 37 85 62-242
Fax: + 49 (0)40 37 85 62-129
E-Mail: till.giessmann@capitalstage.com

Sebastian Bucher
Kirchhoff Consult AG
Tel.: + 49 (0)40 60 91 86-18
Fax: + 49 (0)40 60 91 86-60
E-Mail: sebastian.bucher@kirchhoff.de

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Language: English
Company: Capital Stage AG
Große Elbstraße 45
22767 Hamburg
Germany
Phone: +49 4037 85 62 -0
Fax: +49 4037 85 62 -129
E-mail: info@capitalstage.com
Internet: www.capitalstage.com
ISIN: DE0006095003
WKN: 609500
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), Hamburg;
Freiverkehr in Berlin, Düsseldorf, München, Stuttgart

End of News DGAP News-Service

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