Arise to refinance existing secured bonds
Arise Wind HoldCo 9 AB with subsidiaries (the ”Sub-group”), wholly-owned by Arise AB (publ) (”Arise” or the ”Company”), today entered into a binding agreement with DNB Bank ASA for a three-year loan facility amounting to MEUR 40, dedicated to the group’s own wind power production (the ”Loan”). In connection therewith, Arise calls for early redemption of its secured green bonds with a nominal value of MSEK 650 (ISIN SE0010920900) maturing in March 2021 (the ”Bonds”). The refinancing will dramatically reduce the group’s total financing costs, which on a yearly basis are expected to