EQS-News 209 0 Kommentare Aroundtown SA successfully completes GBP and USD exchange and tender offers, and including previous Euro transactions accepts a total combined volume of €2.8 billion

Für Sie zusammengefasst

Aroundtown SA completes GBP and USD exchange and tender offers, accepting €2.8 billion total volume.
New perpetual notes issued, reducing coupon payments and improving credit metrics.
Aroundtown SA is the largest German commercial real estate company, investing in top European cities.

Foto: Aroundtown SA

EQS-News: Aroundtown SA / Key word(s): Tender Offer/Financing
Aroundtown SA successfully completes GBP and USD exchange and tender offers, and including previous Euro transactions accepts a total combined volume of €2.8 billion

01.05.2024 / 10:07 CET/CEST
The issuer is solely responsible for the content of this announcement.

THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF APPLICABLE LAWS OR REGULATIONS

AROUNDTOWN SUCCESSFULLY COMPLETES GBP AND USD EXCHANGE AND TENDER OFFERS, AND INCLUDING PREVIOUS EURO TRANSACTIONS ACCEPTS A TOTAL COMBINED VOLUME OF €2.8 BILLION

1 May 2024

Aroundtown (“the Company” or “AT”), announces the successful results of its voluntary exchange and tender offers for the GBP 400 million perpetual notes (ISIN: XS2017788592) and the USD 700 million perpetual notes (ISIN: XS1634523754), (the “Offer”).

An average of 90% of the existing perpetual notes were submitted into the Offer and accepted by the Company. As a result, AT will issue USD 494 million and GBP 345 million of new perpetual notes across two different series and simultaneously repurchase USD 60 million and GBP 35 million of perpetual notes via the tender offer (see detailed breakdown below).

Existing perpetual notes

ISIN	Amount outstanding prior to transaction	% and absolute principal amount accepted in the Offer	Principal amount repurchased via the tender offer	Resulting nominal amount outstanding post transaction
XS1634523754	USD 641.5m¹⁾	86% / USD 554m	USD 60m	USD 87.6m²⁾
XS2017788592	GBP 400m	95% / GBP 380m	GBP 35m	GBP 20.4m

Total nominal amount of USD 700 million, net of USD 58.5 million held in treasury.
Net of USD 58.5 million held in treasury which will be cancelled post transaction.

New perpetual notes

Seite 1 von 5

Seite 2 ►