Heliospectra secures future liquidity needs by raising acredit facility from the main owners

Heliospectra AB (publ)("Heliospectra" or "the Company") has today entered into an agreement on a Credit Facility ("the Facility") with the main owners Weland Stål AB, Agartha AB (formerly ADMA Förvaltnings AB) and Corespring New Technology AB (The "Principal Owners"). The purpose of the Facility is to secure the Company's possible liquidity needs during the period up to and including the day of publication of the Company's year-end report for the financial year 2022, when both the Facility and any loans raised under the Facility fall due.

The Principal Owners will provide any loans under the Facility in relation to their mutual shareholdings as of this day. The Facility can be called up freely by the Company if necessary and is not limited to its amount. Loans raised under the Facility will run at an annual interest rate of 10 percent. Receivables arising under the Facility must be set off in any new issues carried out in the Company during the term of the receivables, provided that this can be done in accordance with applicable laws and regulations.

The Company assesses that the credit facility has been entered into on market terms for the Company.

- This credit facility provides Heliospectra and the board time to secure long-term financing while guaranteeing liquidity until the end of February 2023. It also providesmanagement time to realize the Company's new strategic direction and launch its unique wireless and data-driven offering, says Andreas Gunnarsson, Chairman of the Board of Heliospectra AB (publ).

 

For More Information:

Rebecca Nordin, Head of IR at Heliospectra | +46 (0)72536 8116 | ir@heliospectra.com

http://www.heliospectra.com

This information is such which Heliospectra 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 08:00 CET on April 22nd, 2022.

Heliospectra AB (publ) (Nasdaq First North Growth Market: HELIO) was founded in 2006 in Sweden by plant scientistsand biologists with one vision – to make crop production more intelligent andresource-efficient. Today, with customers across six continents, Heliospectra is the global leader in innovative horticulture lighting technology, custom light control systems and specialized services for greenhouse and controlled plant growth environments. Designed by growers for growers, Heliospectra builds customized LED lighting strategies and controls to automate production schedules, forecast yields and monitor crop health and performance withreal-time data and response, to deliver the light plants love and the consistent results growers need. 

For more information, please visit https://www.heliospectra.com.  

Company HELIO is listed at Nasdaq First North Growth Market with Redeye AB as Certified Adviser: 

Certifiedadviser@redeye.se,+46 (0)8 121 576 90.  

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