Brief: Covivio Hotels Announces New Bond Issue Of 500 Million Euros

Covivio Hotels SCA

21/07/2021 11:16

July 21 (Reuters) - COVIVIO HOTELS  COVH.PA :
    * ANNOUNCED ON TUESDAY HAS SUCCESSFULLY PRICED A NEW BOND
ISSUE OF
€500 MILLION, MATURING IN 2029 AND OFFERING A 1.0% COUPON
    * IN ADDITION TO €250 MILLION CAPITAL INCREASE IN JUNE 2021
WHICH
ALLOWED FOR DECREASE IN LTV (38.6% AT LATE JUNE), OPERATION WILL
REFINANCE PART OF EXISTING DEBT, THUS STRENGTHENING BALANCE
SHEET INCREASING DEBT MATURITY (BY AROUND 1 YEAR, TO 5.3 YEARS)
WHILE IMPROVING PROFILE
    * SETTLEMENT AND ADMISSION TO TRADING ON EURONEXT PARIS OF
THE
NOTES SHOULD OCCUR ON 27 JULY 2021

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nNDL6NB9hK
 Further company coverage:  COVH.PA  
   


 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))