Com Hem confirms the redemption of its Senior Secured Notes
Com Hem Holding AB (publ) today announces that its subsidiary, NorCell Sweden Holding 3 AB (publ), the issuer (the “Issuer”) of SEK 3,492,306,000 9.25% Senior Secured Notes due 2018 (the “Notes”), confirms that the financing condition referenced in the press release dated October 13, 2014 have been satisfied.
The Issuer will redeem all of the outstanding Notes, plus accrued and unpaid interest and additional amounts, if any, on November 12, 2014. The Notes are registered with the following ISINs: XS0699211321 (Regulation S) and XS0699213020 (144A).
Notes to the editors:
Press release from October 23: Com Hem announces the issue of SEK 2,500,000,000 senior secured notes
Press release from October 13: Com Hem announces the conditional redemption of its senior secured notes
For queries, please contact:
Tomas Kihlstrand, Interim CFO
Tel: +46(0)725 45 99 16
Carolina Haglund Strömlid, Head of Investor Relations
Tel: +46(0)708 80 71 73
Fredrik Hallstan, Head of PR
Tel: +46(0)761 15 38 30
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”). Com Hem Holding AB (publ) discloses the information provided herein pursuant to the Swedish Securities Markets Act (2007:528) and the Swedish Financial Instruments Trading Act (1991:980). The information was submitted for publication at 15:00 CET on November 11, 2014.
Matters discussed in this announcement may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as “believe,” “expect,” “anticipate,” “intends,” “estimate,” “will,” “may,” "continue," “should” and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions.
Although Com Hem believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements.
The information, opinions and forward-looking statements contained in this announcement speak only as at its date, and are subject to change without notice.
About Com Hem
Com Hem is one of Sweden’s leading suppliers of television, high-speed broadband and fixed-telephony. Approximately 39%, 1.85 million, of Sweden’s households are connected to Com Hem’s network, with access to the market’s broadest range of television services. Com Hem offers attractively priced, high-quality services for television, high-speed broadband, fixed-telephony and has a competitive B2B-offer of broadband and telephony services. Com Hem was established in 1983, has approximately 1,000 employees and its head office in Stockholm. Operations are run through three subsidiaries; Com Hem AB, Phonera Företag AB and ITUX Communication AB. Com Hem is listed on NASDAQ OMX Stockholm. For more information, visit: www.comhemgroup.com.