Swedish cable operator Com Hem’s NorCell Sweden Holding subsidiary has issued new debt amounting to SEK2.5 billion (€270 million), due in 2019, as part of the financing of the redemption of its outstanding SEK3,492,306,000 Senior Secured Notes due in 2018.
The redemption of the existing debt will be financed from the proceeds of the new notes, a new credit facility of SEK375 million and a drawdown of the company’s existing revolving credit facility.
Com Hem will on or around November 11, 2014 communicate in a press release if the conditions for redemption of the Notes are satisfied or waived.
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