EQS-Adhoc
Dexus Finance Pty Limited: Exercise of Put Option of Outstanding Guaranteed Exchangeable Notes
- Dexus Finance Pty Ltd exercised put option for A$323.2 million notes due 2026.
- Investors can put securities for early repayment until 19 March 2024.
- Dexus will fund repayment from existing debt facility headroom.
EQS-Ad-hoc: Dexus Finance Pty Limited / Key word(s): Transaction in Own Shares/Real Estate Dexus (ASX: DXS) |
ASX release
19 March 2024
Exercise of Put Option of Outstanding 2.30% Guaranteed Exchangeable Notes due 2026
(ISIN: XS1961891220)
Dexus refers to the 2.30% Guaranteed Exchangeable Notes due 2026, the terms of which were announced to the market on 18 March 2019.
Under the terms of the notes, investors had the ability to put their securities to Dexus for early repayment and cancellation during a period prior to 19 March 2024.
In line with expectations, Dexus announces that investors have exercised their put option for the aggregate principal amount of A$323.2 million.
Following the exercise of the put option, Dexus has a call option for early repayment and cancellation of the remaining $1.8 million of Notes. Dexus intends to exercise its call option on 8 April 2024.
Dexus will fund the repayment of the $325.0 million of notes from existing debt facility headroom.
The cancellation of the notes will be announced to the ASX promptly after it occurs.
Authorised by Brett Cameron, General Counsel of Dexus Funds Management Limited
For further information please contact:
Investors Rowena Causley Head of Listed Investor Relations +61 2 9017 1390 +61 416 122 383 rowena.causley@dexus.com |
Media Luke O’Donnell Senior Manager, Media and Communications +61 2 9017 1216 +61 412 023 111 luke.odonnell@dexus.com |