In This Article:
NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, 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 AND THE DISTRICT OF COLUMBIA) OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) OR IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT. THE DISTRIBUTION OF THIS DOCUMENT IN CERTAIN JURISDICTIONS (IN PARTICULAR, THE UNITED STATES AND THE UNITED KINGDOM) MAY BE RESTRICTED BY LAW
Bilia AB (publ) (the “Issuer”) is offering holders of the Issuer’s outstanding notes outlined below (the “Notes”) to tender their Notes for purchase by the Issuer for cash (the “Tender Offer”) at the purchase price set out below, plus accrued and unpaid interest. The Notes will be repurchased subject to the terms and conditions described in a tender information document dated 21 September 2020 (the “Tender Information Document”).
Description of the Notes / ISIN / Issued Amount / Outstanding Amount / Minimum Denomination / Purchase Price
2016/2021 Sr Unsec FRN / SE0008186886 / SEK 1,000,000,000 / SEK 500,000,000 /
SEK 1,000,000/ 100,9%
The full terms and conditions of the Tender Offer can be found in the Tender Information Document, which is available in the following link: https://www.bilia.com/en/investors/bonds/
In connection with the Tender Offer, the Issuer announces that it contemplates to issue new SEK denominated senior unsecured notes of up to SEK 500,000,000 under a framework of SEK 1,500,000,000 with an expected tenor of 5 years (the “New Notes”), subject to market conditions.
The Tender Offer expires at 12:00 CEST on 24 September 2020, unless extended, re-opened, withdrawn or terminated at the sole discretion of the Issuer. Settlement of the Tender Offer is expected to occur at or around 1 October 2020. The Issuer’s repurchase of Notes is conditional upon a successful issue of New Notes.
Holders of Notes who accept the Tender Offer will be eligible to receive a priority in the allocation of the New Notes, subject to the terms set out in the Tender Information Document.
The Issuer has mandated DNB Markets a part of DNB Bank ASA, Sweden Branch and Nordea Bank Abp as joint arrangers and bookrunners in respect of the issuance of the New Notes and as dealer managers and tender agents for the Tender Offer.
Attachment: The Tender Information Document
Dealer Managers and Tender Agents:
DNB Markets a part of DNB Bank ASA, Sweden Branch: +46 704 93 48 68, bond.syndicate@dnb.no