Brief: Lar Espana Announces Results Of Tender Offer For Partial Repurchase Of Senior Unsecured Green Notes

HELIOS RE SOCIMI

16/01/2023 12:57

Jan 16 (Reuters) - Lar Espana Real Estate SOCIMI SA
 LRES.MC :
    * RESULTS OF TENDER OFFER FOR PARTIAL REPURCHASE OF SENIOR
UNSECURED GREEN NOTES
    * TENDER OFFER TO REPURCHASE GREEN NOTES ISSUED IN JULY
2021, IN
AMOUNT OF 400 MILLION EUROS AT A FIXED ANNUAL INTEREST RATE OF
1.75%, DUE IN 2026
    * TENDER OFFER TO REPURCHASE ALSO GREEN NOTES ISSUED IN
NOVEMBER
2021, IN AMOUNT OF 300 MILLION EUROS AT A FIXED ANNUAL INTEREST
RATE OF 1.843%, DUE IN 2028
    * SETTLEMENT DATE IS SCHEDULED FOR JAN 19
    * AGGREGATE PURCHASE CONSIDERATION: 90.5 MILLION EUROS
    * AFTER SETTLEMENT DATE, 2026 NOTES, WHICH ARE EXPECTED TO
MATURE
ON JULY 2026, IN AGGREGATE AMOUNT OF 302 MILLION EUROS, WILL
REMAIN OUTSTANDING
    * AFTER SETTLEMENT DATE, 2028 NOTES, WHICH ARE EXPECTED TO
MATURE
ON 3 NOVEMBER 2028, IN AN AGGREGATE AMOUNT OF 288 MILLION EUROS,
WILL ALSO REMAIN OUTSTANDING
    * MINIMUM PURCHASE PRICE FOR 2026 NOTES: 81.75%
    * MINIMUM PURCHASE PRICE FOR 2028 NOTES: 72.50%

Source text for Eikon:  ID:nCNM2Vt06Y 
Further company coverage:  LRES.MC 
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