Com Hem issues senior unsecured notes

Com Hem Holding AB (publ) (STO:COMH) subsidiary NorCell Sweden Holding 3 AB (publ) (the “Issuer”) has issued new Senior Unsecured Notes (the “New Notes”), in the total amount of SEK2,250 million due 2022, the company said.

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.

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.