Brief: Advanced Soltech Sweden Enters Into Refinancing Sale, Leaseback Agreement

Gigasun AB (publ)

13/06/2023 09:34

June 13 (Reuters) - Advanced SolTech Sweden AB (publ)
 ASAB.ST :
    * ENTERS INTO A REFINANCING SALE AND LEASEBACK AGREEMENT OF
APPROX. SEK 820 MILLION
    * COMPANY RESTATES ITS' FINANCIAL TARGET TO REACH 1000 MW OF
INSTALLED CAPACITY FROM 2024 TO 2026
    * FIRST STEP OF AGREEMENT ENTAILS APPROX. 670 MSEK FOR
REPAYMENT
OF SECURED BOND SOLT5
    * AFTER REPAYMENT OF SOLT5 REMAINING PART OF AGREEMENT
AMOUNTING
TO 150 MSEK WILL BE COMPLETED
    * FUNDS WILL BE USED TO REPAY BONDS SOLT2 AND SOLT 3
TOGETHER WITH
A PLANNED DIRECTED SHARE ISSUE OF APPROXIMATELY SEK 140 MILLION
    * CO ESTIMATES AN ANNUAL SEK 61 MILLION DECREASE OF
FINANCIAL
COSTS AS REFINANCING GAINING FULL EFFECT

Source text for Eikon:  ID:nMFN1sy9MM 
Further company coverage:  ASAB.ST 

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