Heimstaden announces tender offer for its outstanding bonds 2019/2023

Heimstaden AB (publ) ("Heimstaden") is offering holders of the company's outstanding SEK 1,750,000,000 senior unsecured floating rate bonds 2019/2023 (ISIN SE0012622249) (the "Bonds"), to tender Bonds for purchase by Heimstaden for cash up to a maximum nominal amount of SEK 500,000,000 at the purchase price of 99.00% of the nominal amount, plus accrued and unpaid interest (the "Tender Offer"). The Bonds will be repurchased subject to the terms and conditions described in a tender information document dated 6 December 2022 (the "Tender Information Document").

The Tender Offer is being made as part of Heimstaden's commitment to exercise active management of its balance sheet.

The Tender Offer expires at 12:00 CET on 9 December 2022, unless extended, re-opened, withdrawn, or terminated at the sole discretion of Heimstaden.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 16 December 2022. 

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 can be found in the Tender Information Document attached to this press release.

Heimstaden has retained Nordea Bank Abp and Swedbank AB (publ) as dealer managers for the Tender Offer. Gernandt & Danielsson has been appointed as legal advisor.

Dealer Managers:

Nordea Bank Abp: [e-mail]

Swedbank AB (publ): [e-mail]

Contact:
Arve Regland, CFO
[phone]
[e-mail]

Adam Lindh, Head of Finance
[phone]
[e-mail]

Heimstaden AB is a leading European residential real estate manager and investor with around 155,000 homes across 10 countries with a property value of SEK 343 billion. We acquire, develop, and manage properties with an evergreen perspective. Guided by our Scandinavian heritage and values Care, Dare and Share - we fulfil our mission to enrich and simplify our customers' lives through Friendly Homes. Heimstaden is listed on Nasdaq First North Growth Market. Read more at www.heimstaden.com.

Certified Adviser is Erik Penser Bank aktiebolag.

This information is such that Heimstaden AB (publ) is required to publish in accordance with the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted, through the agency of the above contact persons, for publication on 06 December 2022 at 09:15 CET.

https://news.cision.com/heimstaden/r/heimstaden-announces-tender-offer-for-its-outstanding-bonds-2019-2023,c3677763

https://mb.cision.com/Main/11054/3677763/1716699.pdf

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