DGAP-News 269 0 Kommentare Grand City Properties S.A. announces the pricing and the result of the Offer to the holders of its outstanding EUR500,000,000 2.00 per cent. Notes due 2021 to tender such notes for purchase for cash

DGAP-News: Grand City Properties S.A. / Key word(s): Bond/Real Estate

Grand City Properties S.A. announces the pricing and the result of the Offer to the holders of its outstanding EUR500,000,000 2.00 per cent. Notes due 2021 to tender such notes for purchase for cash

31.07.2017 / 12:58

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GRAND CITY PROPERTIES S.A. ANNOUNCES THE PRICING AND THE RESULT OF THE OFFER TO THE HOLDERS OF ITS OUTSTANDING EUR500,000,000 2.00 PER CENT. NOTES DUE 2021 TO TENDER SUCH NOTES FOR PURCHASE FOR CASH.

Luxembourg, July 31, 2017 - Grand City Properties S.A. (the "Company") announces today the result of the offer to the holders of its EUR500,000,000 2.00 per cent. Notes due 2021 (the "Notes") to tender any and all such Notes for purchase by the Company for cash (the "Offer").

The Offer was announced on 24 July 2017 and was made subject to the terms and conditions set out in the tender offer memorandum dated 24 July 2017 (the "Tender Offer Memorandum") prepared by the Company. Capitalised terms used in this announcement but not defined have the meanings given to them in the Tender Offer Memorandum.

The Company has decided to accept for purchase all Notes validly tendered pursuant to the Offer in full.

Notes in an aggregate principal amount of EUR 320,600,000 were validly tendered for purchase pursuant to the Offer. The Company decided to accept for purchase all Notes validly tendered pursuant to the Offer in full on the terms set out in the following table: