Com Hem Holding AB Announces the Conditional Redemption of its Senior Notes

STOCKHOLM--()--Regulatory News:

Com Hem Holding AB (publ) (“Com Hem”) (STO:COMH) today announces that its subsidiary NorCell Sweden Holding 2 AB (publ), (the “Issuer”) ), has issued a notice of conditional redemption for all of its €186,587,700 10.75% Senior Notes due 2019 (the “Notes”).

The redemption is conditioned upon the receipt of proceeds from certain lenders under existing credit facilities that collectively result in aggregate proceeds to the Issuer in an amount sufficient to redeem the Notes in full.

Com Hem has previously communicated that the Issuer intends to redeem the Notes once callable and the redemption date is scheduled for November 14, 2015. Com Hem will communicate by press release on or around November 13, 2015 whether the conditions for redemption of the Notes will be satisfied or waived.

Going forward, Com Hem will continue to seek long-term diversified sources of funding with a mix of capital market and bank financing.

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”).

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 08:00 CET on October 8, 2015.

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 high-speed broadband, television and fixed-telephony. Approximately 40% 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 broadband speeds up to 500 Mbps to 1.9 million households which is more than any other operator. Since 2013 Com Hem has a competitive B2B-offer of broadband and telephony services. Com Hem was founded in 1983, has approximately 1,100 employees and its head office is in Stockholm. Operations are run through three subsidiaries; Com Hem AB, Phonera Företag AB and iTUX Communication AB. Com Hem’s shares are listed on Nasdaq Stockholm. For more information, visit: www.comhemgroup.com.

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Contacts

Com Hem
Investors
Caroline Tivéus, IR-Manager
Tel: +46(0)734 39 08 67
Investor.relations@comhem.com
or
Media
Fredrik Hallstan, Head of PR
Tel: +46(0)761 15 38 30
press@comhem.com

Contacts

Com Hem
Investors
Caroline Tivéus, IR-Manager
Tel: +46(0)734 39 08 67
Investor.relations@comhem.com
or
Media
Fredrik Hallstan, Head of PR
Tel: +46(0)761 15 38 30
press@comhem.com