Brief: URW Launches New Euro Hybrid Issuance

Unibail-Rodamco-Westfield SE

02/09/2025 10:36

Sept 2 - Unibail-Rodamco-Westfield SE URW.PA:

LAUNCH OF A NEW EURO-DENOMINATED HYBRID ISSUANCE AND A CAPPED TENDER OFFER ON ITS PERP-NC 2026 HYBRID NOTES

PRICING OF THE NEW NOTES IS EXPECTED TO BE ANNOUNCED LATER TODAY

OFFER EXPECTED TO EXPIRE AT 4:00 PM, PARIS TIME, ON SEPTEMBER 9, 2025

TENDER OFFER SUBJECT TO SUCCESSFUL COMPLETION OF ISSUE OF NEW NOTES, AT GROUP’S DISCRETION

THE GROUP EXPECTS ITS RATING TO BE UNCHANGED AS A RESULT OF THE COMPLETION OF THIS TRANSACTION

ADDITIONALLY, INTENDS TO EXERCISE ‘MINIMAL OUTSTANDING AMOUNT CALL OPTION’ ON ITS EUR 99.8 MLN 5.142% HYBRID PERP-NC 2025 NOTES

BY END OF APRIL 2026, INTENDS TO FURTHER STREAMLINE HYBRID PORTFOLIO DOWN TO €1.5 BN THROUGH CALL OF REMAINING NC2026 NOTES OUTSTANDING

Source text: ID:nNDLjKbHJ

Further company coverage: URW.PA

(Gdansk Newsroom)

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