Com Hem Holding AB (publ) subsidiary NorCell Sweden Holding 3 AB (publ) has mandated DNB Markets and Nordea Bank AB (publ)as JOINT BOOKRUNNERS, and Swedbank AB and Danske Bank A/S, Danmark, Filial Sverige as co-lead managers, to arrange fixed income investor meetings starting on November 9, 2016, the company said.
A SEK denominated senior unsecured capital markets transaction with a tenor of 5.25 years may follow, subject to market conditions and final decision by Com Hem.
The Issuer has issued a notice of conditional redemption for all of its senior notes in the amount of SEK 2,500 million due 2019. The redemption is subject to completion of one or more financing transactions, including the ability to issue new notes, take up new credit facilities, draw funds under existing credit facilities, or a combination of any of the foregoing.
Subject to the consummation of a New Issue, the Issuer intends to initiate a consent request to noteholders in the Issuer´s SEK 1,750 million senior notes due 2021 (ISIN: SE0007730353, the “2021 Senior Notes”).
Com Hem offers broadband, TV, play and telephony services to Swedish households and companies.