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Broadband

Com Hem issues SEK 2.5 bln notes to help redeem earlier ones

Friday 24 October 2014 | 12:02 CET | News
Com Hem said that its NorCell Sweden Holding 3 subsidiary has issued SEK 2.5 billion in new senior secured notes due 2019. The new notes have a fixed rate coupon of 5.25 percent and matures in November 2019. They will be listed on NASDAQ OMX Stockholm. This is partly to finance the redemption of its outstanding SEK 3,492,306,000 in senior secured notes due 2018., with the other funding coming from a new credit facility of SEK 375 million and a drawdown of the existing revolving credit facility. The blended interest rate of the new financing package is approximately 4.4 percent compared with

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Categories: Fixed
Companies: Com Hem
Countries: Sweden
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