Heimstaden Bostad AB (publ) Announces Tender Offer for Certain NOK Senior Unsecured Notes and Call for Redemption of Certain NOK and SEK Senior Unsecured Notes

14 Nov 2024 08:55 CET

Tender Offer

Today, Heimstaden Bostad AB (publ) ("Heimstaden Bostad") is launching an offer
to the holders of its NOK 1,250 million floating rate notes due April 2026 (ISIN
NO0010976327) - of which NOK 178,000,000 is currently held by Heimstaden Bostad
-  (referred to as the "2026 Notes") and its NOK 350 million floating rate notes
due April 2028 (ISIN NO0010976335) (referred to as the "2028 Notes"), (together
referred to as the "Notes"), to tender any and all of their 2026 Notes for
purchase by Heimstaden Bostad for cash at a fixed purchase price of 100.00%, and
any and all of their 2028 Notes for purchase by Heimstaden Bostad for cash at a
fixed purchase price of 99.355%, of the nominal amount of the respective Notes,
plus accrued but unpaid interest up to (but excluding) the settlement date for
the tender offer (referred to as the "Tender Offer"). The Notes will be
repurchased subject to the terms and conditions described in the tender
information document dated 14 November 2024 attached to this press release
(referred to as the "Tender Information Document").
The purpose of the Tender Offer is, among other things, to proactively improve
Heimstaden Bostad's liability composition and debt maturity profile.
The Tender Offer expires at 144:00 CET on 19 November 2024, unless extended, re
-opened, withdrawn, or terminated at the sole discretion of Heimstaden Bostad.
Settlement of the Tender Offer is expected to occur on or around 22 November
2024.
The terms and conditions of the Notes will continue to be in effect for
noteholders who do not participate in the Tender Offer and/or whose Notes are
not accepted for repurchase by Heimstaden Bostad. The full terms and conditions
of the Tender Offer can be found in the Tender Information Document.


Redemption of Called Notes

In addition, Heimstaden Bostad also announces that it has given irrevocable
notice to the noteholders of its outstanding NOK 400 million floating rate notes
due February 2025 (NO0010906944) and SEK 800 million floating rate notes due
February 2025 (XS2259800121) (together referred to as the "Called Notes") that
it exercises its option to redeem all outstanding Called Notes pursuant to
clause 7.4 (Redemption at the option of the Issuer (Issuer Par Call)) of the
terms and conditions of the Called Notes.
The Called Notes will be redeemed on 25 November 2024 at a price of 100.00% of
the nominal amount of the respective Called Notes, plus accrued but unpaid
interest up to (but excluding) 25 November 2024.
Sole Dealer Manager: Nordea Bank Abp, nordealiabilitymanagement@nordea.com

Contact:
Frederik Berling, Media
+45 21 30 94 89, media@heimstaden.com

Cody Nelson, Investor Relations
+47 948 94 196, ir@heimstaden.com

About Heimstaden Bostad:
Heimstaden Bostad is a leading European residential real estate company with
around 162,000 homes across nine countries with a property value of SEK 330
billion. We acquire, develop, and manage properties with an evergreen
perspective. Guided by our Scandinavian heritage and values Dare, Care, and
Share - our about 2,000 colleagues fulfil our mission to enrich and simplify our
customers' lives through Friendly Homes. Read more at www.heimstadenbostad.com.
This information is such information that Heimstaden Bostad AB (publ) is obliged
to publish in accordance with the EU Market Abuse Regulation. The information
was submitted, through the agency of the above contact persons, for publication
on 14 November at 08:55 CET.

More information:
Access the news on Oslo Bors NewsWeb site

632170_Heimstaden_Bostad_Tender_Information_Document_14112024.pdf
632170_Heimstaden_Bostad_Tendor_Offer_Press_Release_14112024.pdf