As announced in the press releases dated 9 November 2017, 16 January 2018 and 23 January 2018, Aligera AB’s (publ) (the "Company") wholly owned indirect subsidiary, Aligera Holding AB (publ) (the “Subsidiary”), and a group of the larger holders (the “Bondholder Committee”) of the Subsidiary’s SEK 500,000,000 senior secured bonds (ISIN SE0005933231) (the “Bonds”) have for a period of time discussed a potential agreement on an out of court restructuring and an agreed standstill period has run since 9 November 2017.
Bankruptcy of Aligera Holding AB (publ) and Aligera Vind AB
Since the parties have not been able to reach an agreement on an out of court restructuring that would result in a long term viable capital structure, the Subsidiary is insolvent. The Company's directly owned subsidiary, Aligera Vind AB, which in turn is the direct owner of the Subsidiary, owes obligations to the Subsidiary and has no other assets than the shares in the Subsidiary. Aligera Vind AB is therefore also insolvent. It has therefore been decided that the Subsidiary and Aligera Vind AB will file for bankruptcy. It will be announced through a separate press release when the bankruptcy applications have been filed with the relevant district courts.
The Company is evaluating its position and will communicate its decision as to whether it also will need to file for bankruptcy within the next following week.
Summary of key findings in due diligence reports and information on the contemplated bankruptcy of Aligera Holding AB (publ)
As a part of the negotiations with the Bondholder Committee legal, technical and financial reviews have been made of the Subsidiary, its subsidiaries and Aligera Vind AB. Key findings from such reports and information on the contemplated bankruptcy process and restructuring of the Subsidiary have been made public in press releases made by the Subsidiary on the date hereof. Reference is made to those press release for further information on those matters.
For information, please contact:
Jörgen Bender, CEO
Tel: +46 (0) 722 372020