WALTHAM, Mass., Nov. 30, 2011 /PRNewswire/ -- [ American DG Energy Inc. ] (NYSE Amex: [ ADGE ]), a leading [ On‑Site Utility ], offering clean electricity, heat, hot water and cooling solutions to hospitality, healthcare, housing and athletic facilities, today announced that it has agreed to issue $6,900,000 aggregate principal amount of Senior Unsecured Convertible Debentures ("Debentures") to a current European investor.

The Debentures will mature on May 25, 2018 and will accrue interest at the rate of 6% per annum payable on a semi-annual basis. At the holder's option, the Debentures may be converted into shares of common stock of American DG Energy Inc. at a conversion price of $2.20 per share, subject to adjustment in certain circumstances. The Company has the option to redeem at 115% of Par Value any or all of the Debentures after May 25, 2016. The proceeds of the Debentures will be used in connection with the development and installation of current and new energy systems, business development and for general corporate purposes.

"This financing will further strengthen our balance sheet and accelerate the execution of our strategy which is to aggressively grow our team and grow our revenue," said John N Hatsopoulos, Chief Executive Officer of American DG Energy.

About American DG Energy
American DG Energy supplies low-cost energy to its customers through [ distributed power generating systems ]. The Company is committed to providing institutional, commercial and small industrial facilities with clean, reliable power, cooling, heat and hot water at lower costs than charged by local utilities – without any capital or start-up costs to the energy user – through its [ On-Site Utility ] energy solutions. American DG Energy is headquartered in Waltham, Massachusetts. More information can be found at [ www.americandg.com ].

FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements under the Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Important factors could cause actual results to differ materially from those indicated by such forward-looking statements, as disclosed on the Company's website and in Securities and Exchange Commission filings. This press release does not constitute an offer to buy or sell securities by the Company, its subsidiaries or any associated party and is meant purely for informational purposes. The statements in this press release are made as of the date of this press release, even if subsequently made available by the Company on its website or otherwise. The Company does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.

SOURCE American DG Energy Inc.

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[ http://www.americandg.com ]

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American DG Energy Prices Offering of $6.9 Million Senior Unsecured Convertible Debentures

American DG Energy Prices Offering of $6.9 Million Senior Unsecured Convertible Debentures