Company: ALCE
Filing Date: 2025-01-27
Form Type: S-1
Source: 0001213900-25-007054
Chunk: 245

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-01-27
Form: S-1
Chunk 245
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 149,481 |   |
| Senior Secured debt and promissory notes secured |     |                         |   32,312 |   |     |   |  13,486 |   |
| Total debt                                       |     |                         |  198,434 |   |     |   | 162,967 |   |
| Less current maturities                          |     |                         | (198,434 | ) |     |   |       - |   |
| Long term debt, net of current maturities        |     | $                       |        - |   |     | $ | 162,967 |   |
| Current Maturities                               |     | $                       |  198,434 |   |     | $ |       - |   |
| Less current debt discount                       |     |                         |     (892 | ) |     |   |       - |   |
| Current Maturities net of debt discount          |     | $                       |  197,542 |   |     | $ |       - |   |
| Long-term maturities                             |     | $                       |        - |   |     | $ | 162,967 |   |
| Less long-term debt discount                     |     |                         |        - |   |     |   |  (4,272 | ) |
| Long-term maturities net of debt discount        |     | $                       |        - |   |     | $ | 158,695 |   |

During the period ended December
31, 2022, the Company incurred approximately $ thousand of debt issuance cost related to the green bonds discussed below. The Company
incurred debt issuance costs of $ million during the year ended December 31, 2023. Debt issuance costs are recorded as a debt discount
and are amortized to interest expense over the life of the debt, upon the close of the related debt transaction, in the Consolidated
Balance Sheet. Interest expense stemming from amortization of debt discounts for continuing operations for the twelve-months ended December
31, 2023 and 2022 was $ million and $ million, respectively.

There was no interest expense
stemming from amortization of debt discounts for discontinued operations for the twelve-months ended December 31, 2023 and 2022.

All outstanding debt for the
company is considered short-term based on their respective maturity dates and are to be repaid within the year .

Senior secured debt:

In May