Heimstaden Bostad AB announces tender offer for senior unsecured bonds

Heimstaden Bostad AB (“Heimstaden Bostad”) is today launching an offer to the holders of its outstanding SEK 500 million floating rate notes due April 2024 (ISIN XS2327839580), its NOK 200 million floating rate notes due April 2024 (ISIN NO0010976319), and its NOK 500 million floating rate notes due June 2024 (ISIN NO0010838899) (together the “Notes”), to tender any and all of their Notes for purchase by Heimstaden Bostad for cash at a fixed purchase price of 100% of the nominal amount of the respective Notes, plus accrued and unpaid interest (the “Tender Offer”). The Notes will be repurchased subject to the terms and conditions described in the tender information document dated 4 December 2023 attached to this press release (the “Tender Information Document”).

The purpose of the Tender Offer is, among other things, to proactively improve Heimstaden Bostad’s liability composition and debt maturity profile.

The Tender Offer expires at 12.00 CET on 8 December 2023, unless extended, re-opened, withdrawn, or terminated at the sole discretion of Heimstaden Bostad. Settlement of the Tender Offer is expected to occur on or around 19 December 2023.

The terms and conditions of the Notes will continue to be in effect for noteholders who do not participate in the Tender Offer or whose Notes are not accepted for repurchase by Heimstaden Bostad.

The full terms and conditions of the Tender Offer can be found in the Tender Information Document.


Dealer Managers:
Danske Bank A/S: liabilitymanagement@danskebank.dk
Nordea Bank Abp: nordealiabilitymanagement@nordea.com
 

Contacts:
Christian Dreyer, CCO 
+47 90 72 49 99, christian.dreyer@heimstaden.com 

Malin Lethenström, Head of IR
+44 77 48 05 58 21, ir@heimstaden.com 
 

Heimstaden Bostad is a leading European residential real estate company with around 162,000 homes across nine countries with a property value of SEK 332 billion. We acquire, develop, and manage properties with an evergreen perspective. Guided by our Scandinavian heritage and values Care, Dare and Share – our about 2,000 colleagues fulfil our mission to enrich and simplify our customers’ lives through Friendly Homes. Read more at www.heimstadenbostad.com.

This information is such information that Heimstaden Bostad AB (publ) is obliged to publish in accordance with the EU Market Abuse Regulation. The information was submitted, through the agency of the above contact persons, for publication on 4 December 2023 at 09:00 CET.