Arise repurchases bonds
Arise today announces that it has repurchased bonds with a nominal value of SEK 50,000,000. The repurchase of bonds concerns the company’s secured bonds with a nominal amount outstanding of SEK 650,000,000 (ISIN: SE0010920900). The bonds have a floating rate corresponding to STIBOR 3m plus 4.5 percent and are due in March 2021. The purchase price corresponds to 97.5 percent of the nominal value of the bonds, i.e. SEK 48,750,000.
The purpose of the repurchase is to decrease gross debt and improve Arise’s net financials. The repurchase has been made possible by the company’s strong cash position. Following the purchase, Arise’s holding in the above-mentioned bonds amounts to a nominal amount of SEK 150,000,000.
Halmstad 19 March, 2020
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 08.25 CET on 19 March, 2020.
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.