Nov 8, 2016 7:30 AM CET
Com Hem Holding AB (publ) (“Com Hem”) today announces that its subsidiary NorCell Sweden Holding 3 AB (publ) (the “Issuer”) has mandated DNB Markets and Nordea Bank AB (publ)as Joint Bookrunners, and Swedbank AB and Danske Bank A/S, Danmark, Filial Sverige as Co-Lead Managers, to arrange fixed income investor meetings starting on November 9, 2016. A SEK denominated senior unsecured capital markets transaction with a tenor of 5.25 years may follow, subject to market conditions and final decision by Com Hem (the “New Issue”).
The Issuer (as previously announced) has issued a notice of conditional redemption for all of its senior notes in the amount of SEK 2,500 million due 2019 (ISIN: SE0006371381, the “2014 Senior Notes”). The redemption is subject to completion of one or more financing transactions, including the ability to issue new notes, take up new credit facilities, draw funds under existing credit facilities, or a combination of any of the foregoing. In the event of an early redemption, the 2014 Senior Notes will be redeemed at a price equal to 102.625 per cent of the nominal amount, plus accrued but unpaid interest.
Subject to the consummation of a New Issue, the Issuer intends to initiate a consent request to noteholders in the Issuer’s SEK 1,750 million senior notes due 2021 (ISIN: SE0007730353, the “2021 Senior Notes”). The purpose of the consent request is to harmonise certain terms of the 2021 Senior Notes with corresponding terms for the New Issue.
For queries, please contact:
Marcus Lindberg, Investor Relations Manager
Tel: +46(0)734 39 25 40
Max Hellström, Head of PR (acting)
Tel: +46(0)734 39 26 03
The securities referred to in this announcement have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”).
Forward looking statements
Certain statements contained in this announcement are, or may be deemed to be, “forward-looking statements”. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms “believes”, “estimates”, “plans”, “expects”, “intends” or “may” or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events, expectations or intentions. These forward-looking statements include all matters that are not historical facts. They include, but are not limited to, statements regarding the company's intentions, beliefs or current expectations concerning, among other things, the company’s results of operations, financial position, prospects, costs and other developments. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances. Forward-looking statements are not guarantees of future performance and the company's actual results and developments may differ materially from those described in, or suggested by, the forward-looking statements contained in this announcement. In addition, even if the company's results and developments are consistent with the forward-looking statements contained in this announcement, those results or developments may not be indicative of results or developments in subsequent periods. A number of factors could cause results and developments to differ materially from those expressed or implied by the forward-looking statements including, without limitation, future market, economic and business conditions and trends, interest rates and the behaviour of other market participants. As a result, investors are cautioned not to place undue reliance on such forward-looking statements.
Forward-looking statements may, and often do, differ materially from actual results. Any forward-looking statements in this announcement speak only as of the date of this announcement and reflect the company’s current view with respect to future events. The company explicitly disclaims any obligation or undertaking publicly to release the result of any revisions to any forward-looking statements in this announcement that may occur due to any change in the company’s expectations or to reflect events or circumstances after the date of this announcement, except where it would be required to do so under applicable law.
About Com Hem
Com Hem offers broadband, TV, play and telephony services to Swedish households and companies. Approximately 40 percent of the country's households are connected to Com Hem's network, making Com Hem an important driver of digital Sweden. We offer broadband speeds of up to 1 Gbit/s and a wide range of channels via digital TV at home or mobile via Com Hem Play. The company was founded in 1983 and has approximately 1,200 employees including about 700 within customer service. Com Hem is headquartered in Stockholm and operates through three subsidiaries; Com Hem AB, Phonera Företag AB and iTUX Communication AB. In September, 2016, Com Hem acquired Boxer TV-access AB. In 2015, Group sales totalled SEK 5,000 million. Since 2014 the Com Hem share is listed on Nasdaq Stockholm. www.comhemgroup.com.
This information is information that Com Hem 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 set out above, at 07.30 CET on November 8, 2016.