Bilia offers to buy back senior floating-rate notes due 2021 at 104

By Marisa Wong

Morgantown, W.Va., Sept. 27 – Bilia AB is inviting holders of its SEK 1 billion senior floating-rate notes, issue 2016/2021, to tender their notes for purchase for cash.

The issuer is offering to purchase the notes at 104.

The offer expires at 7 a.m. ET on Oct. 4. Settlement is expected to occur on or around Oct. 11 but no later than Oct. 16.

The tender offer is conditioned on the issuance of new notes.

Bilia said it intends to issue new SEK-denominated senior notes with an expected tenor of five years, subject to market conditions.

DNB Markets (+47 23 26 80 99, bond.syndicate@dnb.no) and Nordea Bank (+45 6161 2996, NordeaLiabilityManagement@nordea.com) are the dealer managers and joint bookrunners for the tender offer.

Questions may be directed at the issuer (attn.: Kristina Franzen, CFO, +46 10-497 73 40, kristina.franzen@bilia.se)

Bilia is a car sales chain based in Gothenburg, Sweden.

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