The purpose of the Tender Offer is, amongst other things, to proactively improve Heimstaden’s liability composition and debt maturity profile.
The Tender Offer covers the following Bonds:
- SEK 1,200 million Senior Unsecured Floating Rate Bonds 2020/2024
(ISIN: SE0014991345)
- SEK 1,200 million Senior Unsecured Floating Rate Bonds 2020/2025
(ISIN: SE0014991352)
- SEK 500 million 2022/2025 Floating Rate Notes
(ISIN: XS2469914308)
The Tender Offer will be priced via an unmodified Dutch auction procedure as set out in the Tender Information Document. Expiration of the Tender Offer will be at 12.00 CEST on 25 August 2023, unless extended, re-opened, withdrawn, or terminated at the sole discretion of Heimstaden. Settlement of the Tender Offer is expected to occur on or around 1 September 2023.
The Tender Offer will be financed with Heimstaden’s existing cash position. Heimstaden is managing its upcoming debt maturities by way of its previously communicated strategy of deleveraging the balance sheet.
The terms and conditions of the Bonds will continue to be in effect for bondholders who do not participate in the Tender Offer or whose Bonds are not accepted for repurchase by Heimstaden.
The full terms and conditions of the Tender Offer including the terms for eligibility to participate, the pricing mechanism and the timeline for the Tender Offer is available in the Tender Information Document.
Dealer Managers
Nordea Bank Abp: nordealiabilitymanagement@nordea.com
Swedbank AB (publ): liabilitymanagement@swedbank.se