Com Hem Announces the Issue of Senior Unsecured Notes

STOCKHOLM--()--Regulatory News:

Com Hem Holding AB (publ) (STO:COMH) today announces that its subsidiary NorCell Sweden Holding 3 AB (publ) (the “Issuer”) has issued new Senior Unsecured Notes (the “New Notes”), in the total amount of SEK 2,250 million due 2022.

The Issuer will use the proceeds together with existing unutilized credit facilities to redeem all of its senior notes in the amount of SEK 2,500 million due 2019 (ISIN: SE0006371381).

The New Notes have a fixed rate coupon of 3.50% and matures in February 2022. The Issuer intends to apply for a listing of the New Notes on Nasdaq Stockholm.

After completion of the refinancing the average blended interest rate of the group’s debt portfolio is expected to decrease from approximately 3% in the first nine months of 2016 to approximately 2.5%, given current market interest rates.

DNB Markets and Nordea Markets have acted as Joint Bookrunners, and Swedbank AB and Danske Bank A/S, Danmark, Filial Sverige as Co-Lead Managers, in the issue of the New Notes.

Disclaimer

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 behavior 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 16.30 CET on November 11, 2016.

This information was brought to you by Cision http://news.cision.com

Contacts

Com Hem
Investors
Marcus Lindberg, Investor Relations Manager
Tel: +46(0)734 39 25 40
marcus.lindberg@comhem.com
or
Media
Max Hellström, Head of PR (acting)
Tel: +46(0)734 39 26 03
press@comhem.com

Contacts

Com Hem
Investors
Marcus Lindberg, Investor Relations Manager
Tel: +46(0)734 39 25 40
marcus.lindberg@comhem.com
or
Media
Max Hellström, Head of PR (acting)
Tel: +46(0)734 39 26 03
press@comhem.com