Heimstaden Bostad AB is today launching a cash tender offer in relation to outstanding series of EUR and SEK-denominated senior debt securities for an aggregate total consideration of up to SEK 8.5 billion (equivalent to EUR 770 million).
The Tender Offer comprises three series of SEK-denominated senior debt securities and ten series of EUR-denominated senior debt securities, issued by Heimstaden Bostad AB or Heimstaden Bostad Treasury B.V., as applicable, all listed in the Tender Offer Memorandum, as defined below.
The purpose of the Tender Offer is, amongst other things, to proactively improve the company’s liability composition and debt maturity profile.
The Tender Offer will be priced via an unmodified Dutch auction procedure in relation to the Auction Securities and via the relevant Fixed Purchase Price in relation to the Fixed Price Securities (each as identified in the Tender Offer Memorandum). Expiration of the Tender Offer will be at 17.00 CET on 3 March 2023 and settlement is expected to be on 14 March 2023.