Bilia launches tender offer for senior floating-rate bonds

By Marisa Wong

Los Angeles, June 9 – Bilia AB is inviting holders of its SEK 800 million senior floating-rate bonds (ISIN: SE00011751361) to tender any and all of their notes for purchase for cash, according to a press release.

The company is offering to purchase the bonds at 100.5 plus accrued interest.

The offer expires at 6 a.m. ET on June 16.

Settlement is expected to occur on June 26.

The tender offer is subject to a new financing condition. The issuer announced it plans to issue new Swedish krona-denominated senior bonds of up to SEK 800 million with an expected tenor of five years.

Holders who participate in the tender offer may be given priority in allocation of the new bonds.

The issuer has mandated DNB Markets, a part of DNB Bank ASA, Sweden Branch (+47 23 26 80 99, bond.syndicate@dnb.no), and Nordea Bank Abp (+45 6161 2996, NordeaLiabilityManagement@nordea.com) as joint arrangers and bookrunners for the new bonds and as dealer managers for the tender offer.

More information may be obtained from the issuer (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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