Arise to redeem bonds
Today, Arise gives notice of redemption of all outstanding senior unsecured green floating rate bonds 2014/2017, totaling SEK 350 million (ISIN: SE0006220059). The redemption will be made at 100 per cent of the nominal value of the bonds and include accrued interest, in accordance with the terms and conditions. The record date will be 25 April and the redemption date will be 3 May 2017.
A combination of strong cash flow generation and the recent issue of convertible bonds has allowed Arise to accumulate a significant cash position. Hence, the company now is in a position to both increase growth within development and management and decrease financial costs by approx. SEK 18 million, through the redemption of bonds.
Further information can be found in the notice sent to bond holders which also is available via the following link http://www.arise.se/en/bond-20142017
Halmstad 3 April, 2017
ARISE AB (publ)
For further information, please contact
Linus Hägg, CFO Arise AB, +46 702 448 916
Daniel Johansson, CEO Arise AB, +46 702 244 133
This information is information that Arise AB is obliged to make public pursuant to the EU MarketAbuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 11.30 CET on 3 April, 2017.
Arise is one of Sweden's leading wind power companies with the business concept to develop, build and manage onshore wind farms for its own account and on behalf of investors. The company is listed on NASDAQ Stockholm.
Arise AB (publ), P.O. Box 808, SE-301 18 Halmstad, Sweden, telephone 46 (0)35 20 20 900, corporate id .no. 556274-6726