Com Hem announces conditional redemption of 2014 senior notes

Com Hem

Com Hem Holding AB (publ)(STO:COMH) subsidiary NorCell Sweden Holding 3 AB (publ) has issued a notice of conditional redemption for all of its senior notes in for SEK2.5 billion due 2019, the company said.

The redemption is subject to the completion of one or more financing transactions on terms acceptable to the Issuer in its sole discretion and that result in aggregate proceeds sufficient to redeem the 2014 Senior Notes in full.

Com Hem will explore various sources of financing for the redemption of the 2014 Senior Notes, including the possibility to issue new notes, take up new credit facilities, draw funds under existing credit facilities, or a combination of the three.

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.