EQS-Adhoc: Aroundtown SA launches exchange offer with 15% tender option to the holders of certain perpetual notes
Source: EQS
EQS-Ad-hoc: Publication of inside information pursuant to Article 17 of Regulation (EU) No 596/2014 Aroundtown launches exchange offer with 15% tender option to the holders of certain perpetual notes Luxembourg, Under the Offer, holders of the Existing Perpetual Notes with the ISIN code XS1508392625 and a current coupon of 7.078% and the ISIN code XS2055106210 and a current coupon of 3.375% (coupon of ca. 6.6% at next reset date under current 5-year mid-swap) are invited to exchange their instruments into newly issued undated subordinated notes with a coupon of 7.125% and a term of 6 years until the first reset date. The new notes are expected to be rated BBB- by In addition, holders of the Existing Perpetual Notes with the ISIN code XS1752984440 and a current coupon of 4.542% and the ISIN code XS2027946610 and a current coupon of 2.875% (coupon of ca. 6.1% at next reset date under current 5-year mid-swap) are invited to exchange their instruments into newly issued undated subordinated notes with a coupon of 5% and a term of 5.25 years until the first reset date. The new notes are expected to be rated BBB- by The offer period will start on The new undated subordinated notes will be issued by a subsidiary of the Company, Aroundtown Finance S.à r.l. and will be unconditionally and irrevocably guaranteed on a subordinated basis by the Company and will rank pari passu with all other subordinated notes issued or guaranteed by the Company. The newly issued undated subordinated notes shall be listed on the official list of the Aroundtown aims to recover or maintain the equity content under S&P rating methodology. The Offer is subject to certain conditions. The details of the Offer will be made available in an Exchange and Tender Offer Memorandum. End of Inside Information
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Language: | English |
Company: | |
37, |
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L-1840 Luxembourg | |
Phone: | +352 288 313 |
E-mail: | info@aroundtown.de |
Internet: | http://www.aroundtown.de |
ISIN: | LU1673108939, LU1673108939, XS2114459550, XS1508392625, XS1634523754, XS1752984440, XS2017788592, XS2027946610, XS2055106210, XS2287744721, XS1586386739, XS1639847760, XS1649193403, XS1700429308, XS1715306012, XS1753814141, CH0398677689, XS1761721262, XS1815135352, AU3CB0252955, CA04269KAA12, XS1879567144, XS1877353786, XS1901137106, XS1905592546, CH0460054437, XS1961042915, XS1964701822, XS1966277748, XS1980255779, XS1999746370, XS2023872174, XS2023873149, XS2198981263, XS1843435501, XS2273810510, XS2421195848, |
WKN: | A2DW8Z, A1Z07A, A18V71, A180VY, A1839S, A1899S, A19LQR, A19QUX, A19Q3W, A19VK9, A19Z76, A19U7Q |
Indices: | MDAX, FTSE EPRA/NAREIT, GPR 250 |
Listed: | Regulated Market in |
EQS News ID: | 1870995 |
End of Announcement |
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1870995 02-Apr-