NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR TO THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA, OR IN ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR REQUIRE REGISTRATION OR ANY OTHER MEASURES.

Arise AB (publ), (“Arise” or the “Company”), has today successfully issued a new three year senior secured green bond of SEK 650m (ISIN SE0010920900) with a floating rate of 3 months STIBOR + 4.50 % p.a., (“the Bond”). The Bond matures in March 2021.

The Bond issue was oversubscribed after receiving strong interest among a number of top tier institutions, credit funds and private individuals primarily in the Nordics. The Bond has been assigned a GB1 (Excellent) grade by Moody’s which has been an important feature for many investors. Arise intends to apply for a listing of the Bond on Nasdaq Stockholm.

Arise will use the proceeds from the bond issue, together with the Company’s own funds and bank financing of SEK 175m secured from DNB Sweden AB, to refinance the outstanding senior secured green bond of SEK 951.5m maturing in April 2019 (ISIN SE0005906849). The refinancing will decrease the Company’s gross debt, improve credit metrics and extend its maturity profile.

The refinancing will allow Arise to direct its full focus on accelerating growth in its development and asset management business. In 2018 the Company plans to sell two projects while measures are being taken to further strengthen the project portfolio and the Company’s position within asset management services in the growing Nordic wind power market.

With a decreased and long term sustainable debt level in the Company’s wind farms, focus in that area of the business can now increasingly turn to implementation of value creating initiatives, including proactive measures to extend the technical and economic life of the wind farms, further optimize production and lower the risk adjusted opex by continuing to roll out the new service strategy across the fleet.

ARISE AB (publ)

For further information, please contact

Arise AB
Daniel Johansson, CEO Arise AB, +46 702 244 133
Linus Hägg, CFO Arise AB, +46 702 448 916

This information is information that Arise AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 09.00 CET on 12 March, 2018.

About Arise
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
E-mail [email protected], www.arise.se 

IMPORTANT INFORMATION

This announcement is not an offer to sell or a solicitation of any offer to buy any securities issued by Arise in any jurisdiction where such offer or sale would be unlawful. Copies of this announcement are not being made and may not be distributed or sent into the United States, Canada, Japan or Australia, or any other jurisdiction in which such distribution would be unlawful or would require registration or other measures. Persons into whose possession this announcement comes are required by Arise and Sole Bookrunner to inform themselves about, and to observe, any such restrictions.

This announcement does not constitute an offer of securities for sale in the United States. The securities referred to in this announcement have not been and will not be registered under the U.S. Securities Act of 1933, as amended, (the “Securities Act”), and accordingly may not be offered or sold in the United States absent registration or an exemption from the registration requirements of the Securities Act and in accordance with applicable U.S. state securities laws. Arise does not intend to register any offering in the United States or to conduct a public offering of securities in the United States.

This announcement does not constitute an offer for securities to the public in the United Kingdom. Consequently, this communication is only being distributed to and is only directed at persons in the United Kingdom that are (i) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended, (the “Order”), or (ii) high net worth entities, and other persons to whom this announcement may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order, (all such persons together being referred to as “Relevant Persons”). This communication must not be acted on or relied on by persons who are not Relevant Persons. Any investment or investment activity to which this communication relates is available only to Relevant Persons and will be engaged in only with Relevant Persons. Any person who is not a Relevant Person should not act or rely on this document or any of its contents.