Twelve Capital has provided a Danish insurance company, Alpha Insurance, with a €20 million ten-year debt facility, the investment manager said on Monday.
The credit is a listed, unrated note and provides Alpha with Solvency II-compliant tier 2 capital.
“Alpha Insurance has for some time been looking around the financial markets to find a way to strengthen its balance sheet, not only to prepare for Solvency II regime, but also to support the continued growth of the company,” Leif Corinth-Hansen, chief executive of Alpha Insurance, said in a statement.
