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2017-11-09

Aligera Holding AB (publ): Aligera Holding AB (publ) enters into a standstill agreement with a group of the company's large...

As announced in the press release dated 2 November 2017, Aligera
Holding AB (publ) (the "Company") resolved to cancel its interest
payment falling due on 7 November 2017 under the Company's up to SEK
500,000,000 senior secured bonds (ISIN SE0005933231) (the "Bonds")
and concluded that the Company at the end of the third quarter 2017,
did not fulfill its financial covenant in relation to minimum cash
according to the terms and conditions of the Bonds (the "Terms and
Conditions").

The Company has on 9 November 2017 entered into a standstill agreement
with a group of the Company's larger bondholders (the "Bondholder
Committee"). The purpose of the standstill agreement is to grant the
Company sufficient time to agree on the terms for a restructuring and
to conclude a written procedure (the "Written Procedure") where the
bondholders formally resolve on the terms for the restructuring.
Information in relation to the Written Procedure will be made
publicly available as soon as possible.

The standstill period will expire on the earlier of (i) 7 January 2018
and (ii) the date when the Written Procedure has been completed.

According to the terms and conditions of the standstill agreement, the
Bondholder Committee shall instruct Nordic Trustee & Agency AB (publ)
(the "Agent") not to accelerate the Bonds and/or enforce the
guarantees and/or security assets granted as security for the Bonds
during the standstill period, provided that, inter alia:

(i) the Company and its affiliates (including Aligera AB (publ) and Green Extreme AB (publ) do not become insolvent or initiate or become subject to insolvency proceedings;

(ii) the Company is not in breach of and does not breach the Terms and Conditions (otherwise than by the non-payment of interest on 7 November 2017 and the breach of the minimum cash covenant as per 30 September 2017);

(iii) the Company ensures that the group (consisting of the Company and its subsidiaries from time to time) maintains a minimum cash of at least SEK 2 million;

(iv) the Company grants the Bondholder Committee the opportunity to perform a legal, financial and technical due diligence review of the Company and its affiliates and undertakes to cover the costs for such due diligence review;

(v) the Company collects power of attorneys from a sufficient majority of the shareholders of the parent company, Aligera AB (publ), authorising the implementation of a restructuring of the Company (which may concern a conversion of bondholders' claims on the Company to shares in Aligera AB (publ));

(vi) the Company does not make any CAPEX investments without the Bondholder Committee's written consent; and

(vii) the Company agrees on a term sheet in relation to the restructuring with the Bondholder Committee no later than 29 November 2017 (the "Term Sheet").

The Agent has confirmed that it will consider the standstill agreement
and that it will, maintaining its discretion and provided that the
Written Procedure is initiated directly when the Term Sheet has been
agreed at the latest, not accelerate the Bonds and/or enforce the
guarantees and/or security assets granted as security for the Bonds
for the time being.

For information, please contact:

Jörgen Bender, CEO
Tel: +46 (0) 722 372020
E-post: jorgen.bender@aligera.se

This information is information that Aligera Holding 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(s) set out above, on 9 November 2017, at 16.30
CET.

About Aligera Holding
Aligera Holding AB (publ) is an investment company with exclusive
focus on renewable energy. The company operates, owns and invests
solely in commercial wind turbines.

Aligera Holding AB, Grev Turegatan 18 , 114 46 Stockholm org.nr
556909-1704

info@aligera.se, www.aligera.se
FNCA Sweden AB is appointed Certified Advisor.

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