On 8th February 2022, GCL New Energy Holdings Limited (451.HK
) (“GCLNE”) obtained Requisite Consent to implement certain amendments to the Indenture of its 10.0% Senior Notes due 2024, which would allow the company to pursue certain business opportunities in the hydrogen energy sector. Following a successful Bermuda scheme of arrangement in 2021, this transaction marks another step in GCLNE’s strategic transition, from one of the world’s largest solar power plant developer and owner, to an asset-light renewable energy business.
As Solicitation Agent for this Consent Solicitation, Admiralty Harbour is delighted to have assisted GCLNE again in managing its offshore debts as GCLNE continues its strategic transformation and re-establishes business growth through various decarbonization solutions.
Congratulations to GCL New Energy!