Apr 12, 2018 8:30 PM CET
Com Hem Holding AB (publ) today announces that its subsidiary Com Hem Sweden AB (publ) (“Com Hem”) has agreed with its lenders to extend the term of all loan facilities under its senior term and revolving facilities agreement originally dated 22 May 2014 (as amended and/or restated from time to time, the “Senior Facilities Agreement”).
Com Hem has agreed with its lenders to extend the term of all loan facilities under the Senior Facilities Agreement, amounting to in total 8,175 MSEK, by 18 months, subject to fulfilment of certain conditions precedent, thereby extending the maturity date of such loan facilities from 26 June 2019 to 31 December 2020. All other terms and conditions will remain unchanged.
During the first quarter of 2018, Com Hem’s average interest rate under its debt portfolio, including outstanding bonds and commercial papers, was approximately 2.4%. Following the extension, the debt portfolio (excluding commercial papers) will have an average remaining term of approximately 3.1 years.
For queries, please contact:
Marcus Lindberg, Head of Investor Relations
Tel: +46(0)734 39 25 40
Fredrik Hallstan, Head of PR
Tel: +46 (0)761 15 38 30
About Com Hem Group
Com Hem Group offers broadband, TV, play and telephony services to Swedish households and companies. Our powerful and future-proofed network with speeds up to 1 Gbit/s, covers half of the country’s households, making the Com Hem Group an important driver of creating a digital Sweden. We bring our 1.45 million customers the largest range of digital-TV channels and play services via set top boxes as well as on-the-go for tablets and smartphones. The company was founded in 1983 and has approximately 1,100 employees. Com Hem Group is headquartered in Stockholm and operates through four subsidiaries; Com Hem AB, Boxer TV Access AB, Phonera Företag AB and iTUX Communication AB. In 2017, Group sales totalled SEK 7,136 million. Since 2014 the Com Hem share is listed on Nasdaq Stockholm. www.comhemgroup.com.