REG-Aroundtown SA Aroundtown SA decides not to exercise option to voluntarily call 3.375% Perpetual Notes (€156.3 million nominal outstanding) and 2.875% Perpetual Notes (€61.8 million nominal outstanding)

Aroundtown SAAnnouncement

28/11/2024 16:30

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   Aroundtown SA (IRSH)
   Aroundtown SA decides not to exercise option to voluntarily call 3.375%
   Perpetual Notes (€156.3 million nominal outstanding) and 2.875% Perpetual
   Notes (€61.8 million nominal outstanding)

   28-Nov-2024 / 17:26 CET/CEST
   The issuer is solely responsible for the content of this announcement.

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   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 SA decides not to exercise  its option to voluntarily call  (i)
   3.375% Perpetual  Notes with  a first  call date  in December  2024 and  a
   current nominal amount  outstanding of  EUR156.3 million  and (ii)  2.875%
   Perpetual Notes  with a  first call  date in  January 2025  and a  current
   nominal amount outstanding of EUR61.8 million

   Luxembourg, 28 November  2024 - The  board of directors  (the “Board”)  of
   Aroundtown SA  (the  “Company” or  “AT”)  has  decided that  it  will  not
   exercise the option to  voluntarily redeem its  (i) EUR600 million  3.375%
   undated subordinated notes, subject to interest rate reset on 23  December
   2024 (ISIN XS2055106210) (the “3.375% Perpetuals”) and (ii) EUR500 million
   2.875% undated subordinated notes,  subject to interest  rate reset on  12
   January 2025 (ISIN  XS2027946610) (the “2.875%  Perpetuals”). The  current
   nominal amount outstanding of the 3.375% Perpetuals and 2.875%  Perpetuals
   is EUR156.3  million  and  EUR61.8 million,  respectively,  following  the
   completion of the Company’s successful  exchange and tender offers in  May
   2024 and September 2024.

   The 3.375%  Perpetuals  and the  2.875%  Perpetuals will  continue  to  be
   accounted as 100% equity under IFRS  and for the calculation of  financial
   covenants of AT’s senior bonds.

    

   About the Company

   Aroundtown SA  (symbol:  AT1),  trading  on  the  Prime  Standard  of  the
   Frankfurt Stock Exchange, is the largest listed and highest rated (BBB+ by
   S&P) German commercial real estate  company. Aroundtown invests in  income
   generating  quality  properties  with   value-add  potential  in   central
   locations in top tier European cities mainly in Germany/NL.

   Aroundtown SA (ISIN: LU1673108939) is  a public limited liability  company
   (société anonyme)  established  under  the  laws of  the  Grand  Duchy  of
   Luxembourg, registered with  the Luxembourg Trade  and Companies  Register
   (Registre de Commerce et des  Sociétés, Luxembourg) under number  B217868,
   having  its  registered  office  at   37,  Boulevard  Joseph  II,   L-1840
   Luxembourg, Grand Duchy of Luxembourg.

    

   Contact

   Timothy Wright
   T: +352 288 313
   E:  1 info@aroundtown.de
    2 www.aroundtown.de

    

   DISCLAIMER:

   THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION
   OF AN OFFER TO BUY ANY SECURITIES.

   THE SECURITIES MENTIONED IN THIS ANNOUNCEMENT HAVE NOT BEEN, AND WILL  NOT
   BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS  AMENDED
   (THE SECURITIES ACT), AND MAY NOT BE OFFERED OR SOLD IN THE UNITED  STATES
   ABSENT REGISTRATION OR AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES
   ACT. THERE WILL  BE NO  PUBLIC OFFERING OF  THE SECURITIES  IN THE  UNITED
   STATES.

   THIS ANNOUNCEMENT IS  DIRECTED AT  AND IS  ONLY BEING  DISTRIBUTED IN  THE
   UNITED KINGDOM TO (I) PERSONS WHO HAVE PROFESSIONAL EXPERIENCE IN  MATTERS
   RELATING TO  INVESTMENTS FALLING  WITHIN ARTICLE  19(5) OF  THE  FINANCIAL
   SERVICES  AND   MARKETS  ACT   2000  (FINANCIAL   PROMOTION)  ORDER   2005
   (THE ORDER), (II) HIGH NET  WORTH ENTITIES, AND OTHER  PERSONS TO WHOM  IT
   MAY OTHERWISE LAWFULLY BE  COMMUNICATED FALLING WITHIN  ARTICLE 49 OF  THE
   ORDER, AND (III) PERSONS TO WHOM IT MAY OTHERWISE LAWFULLY BE COMMUNICATED
   (ALL SUCH PERSONS  TOGETHER BEING REFERRED  TO AS RELEVANT PERSONS).  THIS
   COMMUNICATION MUST NOT BE READ, ACTED ON  OR RELIED ON BY PERSONS WHO  ARE
   NOT RELEVANT PERSONS. ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH  THIS
   ANNOUNCEMENT RELATES IS  AVAILABLE ONLY  TO RELEVANT PERSONS  AND WILL  BE
   ENGAGED IN ONLY WITH RELEVANT PERSONS.

   IN MEMBER STATES OF  THE EUROPEAN ECONOMIC  AREA (EEA), THIS  ANNOUNCEMENT
   AND ANY OFFER  IF MADE SUBSEQUENTLY  IS DIRECTED ONLY  AT PERSONS WHO  ARE
   “QUALIFIED INVESTORS” WITHIN THE MEANING  OF ARTICLE 2(1)(E) OF  DIRECTIVE
   2003/71/EC, AS AMENDED  (THE PROSPECTUS DIRECTIVE) (QUALIFIED  INVESTORS).
   ANY  PERSON  IN  THE  EEA  WHO  ACQUIRES  THE  SECURITIES  IN  ANY   OFFER
   (AN INVESTOR) OR  TO WHOM  ANY OFFER  OF THE  SECURITIES IS  MADE WILL  BE
   DEEMED TO HAVE REPRESENTED AND AGREED THAT IT IS A QUALIFIED INVESTOR. ANY
   INVESTOR WILL  ALSO BE  DEEMED TO  HAVE REPRESENTED  AND AGREED  THAT  ANY
   SECURITIES ACQUIRED BY IT IN THE OFFER HAVE NOT BEEN ACQUIRED ON BEHALF OF
   PERSONS IN THE EEA OTHER THAN QUALIFIED INVESTORS, NOR HAVE THE SECURITIES
   BEEN ACQUIRED WITH A VIEW TO THEIR  OFFER OR RESALE IN THE EEA TO  PERSONS
   WHERE THIS WOULD RESULT IN A REQUIREMENT FOR PUBLICATION BY THE COMPANY OR
   ANY OF  THE  MANAGERS  OF  A  PROSPECTUS PURSUANT  TO  ARTICLE  3  OF  THE
   PROSPECTUS DIRECTIVE.

   THIS ANNOUNCEMENT MAY CONTAIN PROJECTIONS  OR ESTIMATES RELATING TO  PLANS
   AND OBJECTIVES RELATING TO OUR  FUTURE OPERATIONS, PRODUCTS, OR  SERVICES,
   FUTURE FINANCIAL RESULTS,  OR ASSUMPTIONS  UNDERLYING OR  RELATING TO  ANY
   SUCH STATEMENTS,  EACH OF  WHICH CONSTITUTES  A FORWARD-LOOKING  STATEMENT
   SUBJECT TO RISKS AND UNCERTAINTIES, MANY  OF WHICH ARE BEYOND THE  CONTROL
   OF THE COMPANY.  ACTUAL RESULTS  COULD DIFFER MATERIALLY,  DEPENDING ON  A
   NUMBER OF FACTORS.

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   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

   ══════════════════════════════════════════════════════════════════════════

   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, XS2799494120, XS2799493825, XS2812484728,
                  XS2812484215, XS2860457071
   Category Code: MSCL
   TIDM:          IRSH
   LEI Code:      529900H4DWG3KWMBMQ39
   Sequence No.:  362067
   EQS News ID:   2040745


    
   End of Announcement EQS News Service

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References

   Visible links
   1. mailto:info@aroundtown.de
   2. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=aa4ed100f4ab99bf6767970873f2c226&application_id=2040745&site_id=reuters~~~6aa99418-46f7-48b9-89fd-959a8d2e4912&application_name=news


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