Setterwalls has advised Arise in a rights issue of convertible bonds amounting to SEK 245 million

Setterwalls has advised Arise AB (publ) in connection with a rights issue of convertible bonds with preferential rights for existing shareholders of SEK 245 million.

The convertible bonds are traded on Nasdaq Stockholm and can be converted into new ordinary shares in Arise at a conversion price of SEK 22. The convertible bonds will run until March 31, 2022 with a coupon rate of 5.75 per cent.

Arise is one of the leading operators on the Nordic wind power market, with a business concept to develop, build and operate onshore wind power on its own, as well as for customers.