Bilia AB (publ) - Tender Offer - Final Results (SE)

Bilia AB (publ) announces final tender results for certain senior unsecured bonds and issue of new senior unsecured bonds

16 JUNE 2023

Full announcement including disclaimers and offer restrictions available via Globenewswire (Source: Bilia AB (publ))

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"At the expiration of the Tender Offer at 12:00 CEST on 16 June 2023, valid tender instructions of SEK 768,000,000 in an aggregate nominal amount of Bonds were received pursuant to the Tender Offer. Details of tendered amount are set out below.

The Issuer furthermore announces that the New Financing Conditions (as defined in the Tender Information Document) have been met and that a total nominal amount of new senior unsecured bonds of SEK 800,000,000 with a maturity of 5 years have been successfully issued (the “New Bonds”). The interest rate for the New Bonds is 3m STIBOR + 275bps.

All valid tender instructions received pursuant to the Tender Offer have been accepted for purchase by the Issuer. The Bonds repurchased will be retained by the Issuer and will not be cancelled. Following the completion of the Tender Offer Bilia will hold Bonds in a total amount of SEK 768,000,000.

The purchase price payable per Bond is as set out below, in addition to which the Issuer will pay an amount equal to any accrued and unpaid interest on the relevant Notes (in accordance with the applicable terms and conditions of the Bonds):

Description of the Bonds / ISIN / Offered Tendered Amount / Accepted Tender Amount / Outstanding Amount after Tender Offer / Purchase Price

2018/2023 senior unsecured floating rate bonds / SE0011751361 / SEK 800,000,000 / SEK 768,000,000 / SEK 32,000,000 / 100.50%"

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Bilia AB (publ) announces tender offer regarding certain outstanding senior unsecured bonds and considers issuance of new senior unsecured bonds

09 JUNE 2023

Full announcement including disclaimers and offer restrictions available via Bilia

"Bilia AB (publ) (the “Issuer”) is offering holders of the Issuer’s outstanding bonds outlined below (the “Bonds”) to tender any and all of their Bonds for purchase by the Issuer for cash (the “Tender Offer”) at the purchase price set out below, plus accrued and unpaid interest. The Bonds will be repurchased subject to the terms and conditions described in a tender information document dated 9 June 2023 (the “Tender Information Document”)."

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"In connection with the Tender Offer, the Issuer announces that it contemplates to issue new SEK FRN denominated senior unsecured bonds of up to SEK 800,000,000 under a framework of SEK 1,500,000,000 with an expected tenor of 5 years (the “New Bonds”), subject to market conditions."

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"Purpose of the Tender Offer

The Tender Offer is being made as part of the Issuer's commitments to exercise active managemtn of its balance sheet. The purpose of the Tender Offer is to pro-actively manage the Issuer's upcoming reemptions and to tengthen and diversityf its debt maturity profile."