New issue of Series B preference shares
Today, an extraordinary general meeting was held where the owners decided to issue preference shares of Series B, for a total of 30,000 new shares.
A total of SEK 3,000m will be added to the company due to the new share issue which is being executed today.
Prior to the new share issue, the equity / assets ratio was 38.6%, the loan-to-value ratio (LTV) was 57.8%, the loan-to-value ratio calculated as net debt / (net debt + equity) was 58.6% and the secured loan-to-value ratio was 36.9%.
After the new issue, the equity / assets ratio amounts to 40.6%, the loan-to-value ratio (LTV) to 54.3%, the loan-to-value ratio calculated as net debt / (net debt + equity) to 55.1%, and the secured loan-to-value ratio to 35.7%.
The liquidity will be used to repay new and existing revolving credits and to strengthen liquidity.
"The owners continue to capitalize Heimstaden Bostad by once again adding a large amount of equity for continued development of the Group with sound financial ratios," says Magnus Nordholm, CEO Fredensborg AS and acting CFO Heimstaden Bostad.
For further information, please contact:
Patrik Hall, CEO +46 705 85 99 56 patrik.hall@heimstaden.com
Magnus Nordholm, CEO Fredensborg AS and acting CFO Heimstaden Bostad +46 705 29 31 44 magnus.nordholm@fredensborg.no
Heimstaden Bostad AB (publ)
Östra Promenaden 7 A, 211 28 Malmö,
Organisationsnummer 556867-0873, Bolagets säte Malmö,
Telefon, 040 - 660 20 00, www.heimstadenbostad.com
Heimstaden Bostad is a leading real estate company in the Nordics, with a focus on acquiring, refining, developing and managing housing and premises. Through our values, care, innovation and authenticity, we create values for our owners and caring homes for our tenants. Heimstaden Bostad has about 40,700 apartments and a property value of approximately SEK 86 billion. The head office is located in Malmö, Sweden. For more information, see www.heimstadenbostad.com.
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