REG-Aroundtown SA Aroundtown SA proactively manages debt maturity schedule through successful €750 million bond issuance and launch of buy back tender for bonds

Aroundtown SAAnnouncement

06/05/2025 16:30

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   Aroundtown SA (IRSH)
   Aroundtown SA proactively manages debt maturity schedule through
   successful €750 million bond issuance and launch of buy back tender for
   bonds

   06-May-2025 / 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 PROACTIVELY MANAGES DEBT  MATURITY SCHEDULE THROUGH  SUCCESSFUL
   €750 MILLION BOND ISSUANCE AND LAUNCH OF BUY BACK TENDER FOR BONDS

   6 May 2025.

   Aroundtown (‘the  Company’  or  ‘AT’) successfully  issued  today  a  €750
   million 5-year  senior unsecured  bond (the  “Issuance”) and  in  parallel
   launched a tender offer to buyback certain bond series targeting over €2bn
   nominal amount  (the  “Tender”).  AT is  pro-actively  managing  its  debt
   structure by extending its  maturity profile and  supporting its costs  of
   debt.

   The new Series 41 Straight Bond will carry a coupon of 3.5%  significantly
   lower to the coupon of  4.8% at the last issuance  in July 2024 and  marks
   the successful reduction of the marginal cost of debt. The issuance  today
   attracted very  strong investor  demand, with  a book  that was  3x  times
   oversubscribed during the  day. The bond  is expected to  be rated BBB  by
   S&P.

   In parallel, the Company has launched a tender offer to holders of certain
   series of  its  outstanding  bonds  as  part  of  a  liability  management
   exercise. The Tender targets over €2 billion nominal amount of outstanding
   bonds and is  mainly aimed at  bond series with  shorter term  maturities,
   within the  next 18  months, with  the goal  of proactively  managing  the
   Company’s debt maturity profile, as well as bond series with a  relatively
   higher coupon to support its costs of  debt. The Tender was launched on  6
   May 2025 and is expected to expire on 13 May 2025.

   The Company  expects to  use  its liquidity  position, together  with  the
   proceeds of the Issuance, to repay debt as part of the Tender, as well  as
   to repay short-term debt at maturity in the upcoming periods. Year-to-date
   the Company has already repaid ca. €660 million of bonds and is  expecting
   to further  reduce  gross  debt  in the  coming  period.  These  proactive
   measures help the Company to extend its debt maturity profile further. 

   About the Company

   Aroundtown SA  (symbol:  AT1),  trading  on  the  Prime  Standard  of  the
   Frankfurt Stock Exchange,  is the  largest listed  German commercial  real
   estate company. Aroundtown invests in income generating quality properties
   with value-add potential in central locations in top tier European  cities
   primarily in Germany, the Netherlands, and London.

   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) AND  THE  UNITED
   KINGDOM, THIS ANNOUNCEMENT AND ANY OFFER IF MADE SUBSEQUENTLY IS  DIRECTED
   ONLY AT  PERSONS  WHO ARE  “QUALIFIED  INVESTORS” WITHIN  THE  MEANING  OF
   REGULATION  (EU)  2017/1129,  AS   AMENDED  (THE  PROSPECTUS   REGULATION)
   (QUALIFIED INVESTORS). ANY  PERSON IN THE  EEA OR THE  UNITED KINGDOM  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  OR THE  UNITED
   KINGDOM OTHER  THAN  QUALIFIED INVESTORS,  NOR  HAVE THE  SECURITIES  BEEN
   ACQUIRED WITH A VIEW  TO THEIR OFFER  OR RESALE IN THE  EEA OR THE  UNITED
   KINGDOM  TO  PERSONS  WHERE  THIS  WOULD  RESULT  IN  A  REQUIREMENT   FOR
   PUBLICATION BY AROUNDTOWN OR ANY OF THE MANAGERS OF A PROSPECTUS  PURSUANT
   TO ARTICLE 3 OF THE PROSPECTUS REGULATION.

   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 AROUNDTOWN SA. 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.

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   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.:  386593
   EQS News ID:   2131400


    
   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=297cc9a7a72fca4905b7f9b22c5861be&application_id=2131400&site_id=reuters~~~787b94c3-8286-43cc-98b3-26b1dc52d810&application_name=news


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