FairWind successfully issues subsequent bonds of EUR 5 million
Force BidCo A/S’s (“FairWind” or the “Company”) has successfully issued EUR 5 million of subsequent bonds (“Subsequent Bonds” or the “Issue”) under the Company’s existing senior secured bond loan 2021/2026 with ISIN SE0016275820 with a total framework amount of EUR 100 million (the “Bonds”). Following the Issue, the total amount outstanding under the Bonds is EUR 55 million.
The Issue received strong interest from Nordic institutional investors. The Subsequent Bonds carry a floating interest rate of 3m EURIBOR + 625 bps. The net proceeds from the Subsequent Bonds will be used to partially finance the acquisition of Wind1000 as well as for general corporate purposes and the settlement date for the Subsequent Bonds is expected to fall on 22 December 2023.
Arctic Securities acted as sole bookrunner in the transaction. Gernandt & Danielsson acted as legal advisor to the sole bookrunner and Linklaters Advokatbyrå AB together with Plesner Advokatpartnerselskab acted as legal advisors to the Company.
This is information that Force BidCo A/S is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 09:00 CET on December 19, 2023.
For further information:
Jacob W. Smedegaard, Director, Corporate Planning & Development
jws@fairwind.com | +45 2484 7247
About FairWind
FairWind A/S is a leading global provider of one-stop solutions for the installation and service of onshore and offshore wind turbines throughout the world. FairWind has worked in more than 40 countries and cooperates with over 1,500 technicians to manage customers’ projects globally.
You can read more about FairWind on www.fairwind.com
About Wind1000
Established in 2010, Spanish based Wind1000 has grown to become a leading provider of onshore installation services across Southern Europe and South America. The company has installed more than 10GW wind turbines across the region and is a leading supplier to some of the largest OEMs in the world.
You can read more about Wind1000 on www.wind1000.com.