REG-Aroundtown SA Aroundtown SA: Publication of inside information pursuant to Article 17 of Regulation (EU) No 596/2014

Aroundtown SAAnnouncement

22/04/2024 07:15

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   Aroundtown SA (IRSH)
   Aroundtown SA: Publication of inside information pursuant to Article 17 of
   Regulation (EU) No 596/2014

   22-Apr-2024 / 08:04 CET/CEST
   The issuer is solely responsible for the content of this announcement.

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   Publication of inside  information pursuant  to Article  17 of  Regulation
   (EU) No 596/2014

   Aroundtown launches  an  exchange offer  with  20% tender  option  to  the
   holders of its GBP and USD denominated perpetual notes

   Luxembourg, 22 April 2024 - The  Board of Directors of Aroundtown SA  (the
   "Company" and together  with its subsidiaries  “Aroundtown”) has  resolved
   today to launch a voluntary exchange and tender offer (the “Offer”) to the
   holders   of    the    GBP 400,000,000    undated    subordinated    notes
   (ISIN: XS2017788592) and the  USD 700,000,000  undated subordinated  notes
   (ISIN: XS1634523754)  ("Existing  Perpetual  Notes").  Under  the   Offer,
   holders of  the Existing  Perpetual  Notes will  have the  opportunity  to
   exchange existing eligible holdings into  either: (i) new perpetual  notes
   and a cash amount for participating in the exchange, or (ii) new perpetual
   notes, a  cash  amount  for  participating  in  the  exchange  and  a  20%
   redemption of their exchanged notes for cash.

   Holders of the Existing Perpetual Notes with ISIN code XS2017788592 and  a
   current coupon of  4.750% (to reset  in June 2024  at the margin  (4.377%)
   plus applicable  5  -year GBP  Mid-swap)  are invited  to  exchange  their
   instruments into newly  issued undated subordinated  notes denominated  in
   GBP with a coupon of 8.625% and a term of 5.25 years until the first reset
   date (“New GBP Notes”). The  issuance of the New  GBP Notes is subject  to
   achieving a new issue size of at least £ 150,000,000.

   Holders of the Existing  Perpetual Notes with  the ISIN code  XS1634523754
   and a current coupon of 7.747%  are invited to exchange their  instruments
   into newly issued  undated subordinated  notes denominated in  USD with  a
   coupon of 7.875% and a term of 5.5 years until the first reset date  (“New
   USD Notes”). The issuance of the New  USD Notes is subject to achieving  a
   new issue size of at least $ 150,000,000.

   Both new notes are expected to be rated BBB- by S&P Global Ratings  Europe
   Limited. Aroundtown aims to recover  or maintain the equity content  under
   S&P rating methodology.

   The offer period will start on 22 April 2024 and end at 5:00 p.m. CEST  on
   30 April 2024, unless  extended, withdrawn, amended  or terminated by  the
   Company.

   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 Luxembourg  Stock Exchange  and admitted  to
   trading on the Euro MTF Market operated by the Luxembourg Stock Exchange.

   The Offer is subject to certain conditions. The details of the Offer  will
   be made available in an Exchange and Tender Offer Memorandum.

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   Dissemination of a Regulatory Announcement that contains inside
   information in accordance with the Market Abuse Regulation (MAR),
   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,
   Category Code: MSCH
   TIDM:          IRSH
   LEI Code:      529900H4DWG3KWMBMQ39
   Sequence No.:  316881
   EQS News ID:   1885269


    
   End of Announcement EQS News Service

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