DGAP-News

Deutsche Wohnen AG successfully places EUR 800 million new convertible bonds and cash capital increase with gross proceeds of c. EUR 545 million - Seite 3

The acquisition pipeline and the chances of executing further acquisitions are good. There are currently advanced but not yet concluded negotiations for a medium sized residential portfolio located in existing Core+ locations. The remaining proceeds shall be used as liquidity reserves for future acquisitions, as well as capital expenditures including new developments and shall also serve general corporate purposes.

Deutsche Bank Aktiengesellschaft, Goldman Sachs International and UBS Limited acted as Joint Global Coordinators and, together with BNP PARIBAS, as Joint Bookrunners for the transaction.

 

Deutsche Wohnen

Deutsche Wohnen is one of the largest publicly listed property companies in Germany and Europe with a business focus on managing and developing its residential property portfolio. As at 31 December 2015 the portfolio comprised a total of 148,218 units, of which 146,128 are residential units and 2,090 commercial properties. The company is listed in the Deutsche Börse's MDAX and is also included in the leading indices EPRA/NAREIT and GPR 250.

Important Notice

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This publication does not constitute an offer of securities for sale or a solicitation of an offer to purchase securities of Deutsche Wohnen AG in the United States, Germany or any other jurisdiction. Neither this announcement nor anything contained herein shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever in any jurisdiction. The securities of Deutsche Wohnen AG may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the "Securities Act"). The securities of Deutsche Wohnen AG have not been, and will not be, registered under the Securities Act. This publication is not an extension of a tender offer in the United States for securities of Deutsche Wohnen AG. A tender offer for the sale of Convertible Bonds is not being made within the United States or to, or for the account or benefit of, persons located or resident in the United States.