Brief: XIOR Student Housing Raises EUR 80 Mln In Capital Increase

Xior Student Housing NV

17/01/2025 07:55

Jan 17 (Reuters) - XIOR Student Housing NV  XIOR.BR :
    * CAPITAL INCREASE VIA ACCELERATED PRIVATE PLACEMENT
TOTALLING
APPROX. 80 MLN EUROS AT A DISCOUNT BELOW 2%
    * PLACEMENT OF 2.877.698 NEW SHARES (APPROX. 6.80% RELATIVE
TO
EXISTING SHARES) AT ISSUE PRICE OF EUR 27.80 PER SHARE
    * PROCEEDS TO BE USED TO ACQUIRE TWO STUDENT RESIDENCES IN
WROCLAW
AND WARSAW FOR A TOTAL INVESTMENT VALUE OF EUR 67 MLN, AVERAGE
INITIAL GROSS YIELD OF 10.5% 
    * PRO FORMA, DEBT RATIO AS AT Q4 2024 FALLS TO APPROX.
49.03% AND
LTV FALLS TO APPROX. 49.64%

        
 Source text: https://tinyurl.com/d37vk74s
 Further company coverage:  XIOR.BR  

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