Brief: Lar Espana To Launch Tender Offer To Partially Repurchase Senior Unsecured Green Notes

HELIOS RE SOCIMI

09/01/2023 10:18

Jan 9 (Reuters) - Lar Espana Real Estate SOCIMI SA
 LRES.MC :
    * IT RESOLVED TO LAUNCH TENDER OFFER TO PARTIALLY REPURCHASE
SENIOR UNSECURED GREEN NOTES ISSUED BY COMPANY
    * OFFER TO REPURCHASE GREEN NOTES ISSUED IN JULY 2021, IN
THE
AMOUNT OF 400 MILLION EUROS, AT A FIXED ANNUAL INTEREST RATE OF
1.75%, DUE IN 2026
    * OFFER ALSO TO REPURCHASE GREEN NOTES ISSUED IN NOVEMBER
2021, IN
AMOUNT OF 300 MILLION EUROS, AT FIXED ANNUAL INTEREST RATE OF
1.843%, DUE IN 2028
    * NOTES ADMITTED TO TRADING ON THE EURO MTF MARKET OF THE
LUXEMBOURG STOCK EXCHANGE
    * AGGREGATE TENDER CONSIDERATION TO BE MADE BY COMPANY UNDER
OFFERS EXPECTED TO BE ABOUT 100 MILLION EUROS AND, SUBSEQUENT TO
REPURCHASE AND UPON SETTLEMENT THEREOF, COMPANY INTENDS TO
CANCEL REPURCHASED NOTES
    * TENDER OFFER IS MADE EXCLUSIVELY TO CERTAIN ELIGIBLE
HOLDERS

Source text for Eikon:  ID:nCNM86CFbZ 
Further company coverage:  LRES.MC 
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