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 decrease from close to MSEK 60 to approximately MSEK 25, incl. interest cost relating to the Company’s convertible bonds, IFRS 16 items and accrued arrangement fees. Financing costs for the group’s own wind power production, which is consolidated in the Sub-group, is expected to decrease from approximately MSEK 42 to approximately MSEK 8, incl. IFRS 16 items amounting to approximately MSEK 2 and accrued arrangement fees.

After the refinancing, the group’s own wind power production is expected to be cash flow break-even (including interest cost and scheduled debt amortisation) at an average all-in income of approximately 0.2 SEK per KWh. The corresponding pre-tax profit break-even level for the group’s own wind power production is expected to amount to approximately 0.30-0.35 SEK per KWh.
In connection to the refinancing, the Company will cancel a SEK denominated interest rate swap. Coupled with dissolution of previous arrangement fees relating to the Bonds, this will result in a one-off charge impacting pre-tax profit by approximately MSEK -35, of which approximately MSEK -33 already has been recognised in group equity in accordance with IFRS 9.

Redemption of the Bonds and cancellation of the interest rate swap will be financed through the Loan and available cash at hand. Closing of the refinancing is expected to occur on 14 October, 2020.

”We are very pleased to refinance and significantly decrease the financing costs of our wind power production. Successful project transactions over the last few years have allowed us to finally be able to put in place a flexible and cost-efficient financing. Along with the previously communicated extension of service-life and new service agreements for our GE-wind farms we have now paved the way for profitability also within our wind power production.”, says Linus Hägg, CFO Arise AB.

Halmstad, 18 September 2020
ARISE AB (publ)         

For further information, please contact:
Linus Hägg, CFO Arise AB, +46 702 448 916
This information is such information as Arise AB (publ) 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 11.35 am CET on 18 September 2020.Regarding information about how we process your personal data we refer to our Privacy policy, which is available on our website www.arise.se. If you no longer wish to have our press releases and news please contact us via info@arise.se. 

Arise AB (publ), (”Arise”) gives notice of voluntary total redemption of its senior secured green bonds 2018/2021 with ISIN SE0010920900 (the ”Bonds”), in accordance with the terms & conditions of the Bonds.

The redemption date is set to October 14, 2020. The Bonds will be redeemed at their nominal amount, together with accrued but unpaid interest up until and including the redemption date. The redemption amount will be paid to each person who is registered as owner of Bonds in the debt register maintained by Euroclear Sweden at the end of business on the record date 7 October, 2020.
An irrevocable notice of voluntary total redemption is sent on 18 September 2020 to directly registered owners and registered authorised nominees (Sw. förvaltare) of the Bonds as of September 17, 2020 in the debt register.
In connection with the redemption, the Bonds will be delisted from Nasdaq Stockholm.

This announcement is for information purposes only and is not to be construed as an offer to purchase or sell or a solicitation of an offer to purchase or sell with respect to any securities of Arise.

Halmstad 18 September, 2020
ARISE AB (publ)

For further information, please contact
Linus Hägg, CFO, Arise AB, +46 702 448 916
This information was submitted for publication, through the agency of the contact person set out above, at 11:35 CET on 18 September, 2020.Regarding information about how we process your personal data we refer to our Privacy policy, which is available on our website www.arise.se. If you no longer wish to have our press releases and news please contact us via info@arise.se.
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.

Today we have the pleasure to announce that Pernilla Ousbäck has been appointed as the new CFO of CA Fastigheter AB, to succeed Eje Wictorson, from 1 October 2020. Pernilla, who for a long time held the position of business controller, has in addition to a solid education also a very good knowledge of CA Fastigheter’s all operations, which guarantees both stability and continued development of a very important function for the CA Fastigheter Group.

Eje Wictorson will continue to maintain the position of CFO for Claesson & Anderzén AB, previously Eje has doubled, involving the entire CA Group’s finance function. The division of work between Eje and Pernilla will certainly settle down in the next few months, but the idea is that Eje will work on more strategic issues for the real estate group while more time can be set aside for our large holdings in our other investment activities such as Catella AB, BZK Grain Alliance AB and Arise AB.

For more information please contact
Johan Damne, CEO Claesson & Anderzén AB, +46-705860330

Weaker winds than normal in August resulted in a power production of 12.2 GWh, compared to the month’s budget of 21.9 GWh.

Halmstad 7 September, 2020

ARISE AB (publ)

For further information, please contact

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 11.15 CET on 7 September, 2020.

Regarding information about how we process your personal data we refer to our Privacy policy, which is available on our website www.arise.se. If you no longer wish to have our press releases and news please contact us via info@arise.se.