NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS, ANY STATE OF THE UNITED STATES OF AMERICA AND THE DISTRICT OF COLUMBIA) (the "United States") OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (the "Securities Act")) OR IN OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT.
Reference is made to the announcement published on 26 August 2020 regarding the successful placement of a EUR 650 million senior unsecured bond due March 2027.
On 26 August 2020, Heimstaden Bostad AB (publ) (the "Company") launched an invitation to the holders of the EUR 500,000,000 1.750 per cent. Notes due 2021 (ISIN XS1918007458) (the "Notes") to tender such Notes for purchase by the Company for cash in an aggregate principal amount of up to EUR 150,000,000, on the terms and subject to the conditions contained in the Tender Offer Memorandum dated 26 August 2020.
The tender offer expired at 17:00 CEST on 2 September 2020. As of the expiration, EUR 159,784,000 in aggregate principle amount had been validly tendered pursuant to the tender offer and the full amount will be purchased at a price of 101,704%. The Company will also pay an Accrued Interest Payment in respect of the Notes purchased pursuant to the Offer.
As previously communicated in the announcement dated 26 August 2020, the transaction will be financed with proceeds from Heimstaden Bostad’s recently issued EUR 650 million senior unsecured bond due March 2027.
Notes purchased by the Company pursuant to the Offer will be cancelled and will not be re-issued or re-sold. The aggregate principal amount of Notes expected to be outstanding following the settlement of the Offer (which is expected to occur on 7 September 2020) will be EUR 340,216,000.
A complete description of the terms and conditions of the Offer is set out in the Tender Offer Memorandum, which is available on Euronext Dublin and www.heimstadenbostad.com.
DISCLAIMER
This announcement must be read in conjunction with the Tender Offer Memorandum. No offer or invitation to acquire any securities is being made pursuant to this announcement.
The distribution of this announcement and the Tender Offer Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession this announcement and/or the Tender Offer Memorandum comes are required by each of the Company, the Dealer Managers and the Tender Agent to inform themselves about and to observe any such restrictions.