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Aroundtown SA - Tender Offer (Unmodified Dutch Auction) - Launch

Aroundtown SA announces cash tender offers to the holders of several series of its outstanding senior notes due 2025 and 2026.


29 MARCH 2023


Full announcement available via EURONEXT.


"The Board of Directors of Aroundtown SA (the "Company") has decided to offer to the holders of its:


(i) EUR 700,000,000 1.000 per cent. Notes due 2025 (ISIN: XS1715306012), issued by the Company (the "Series K Notes");


(ii) EUR 800,000,000 0.625 per cent. Notes due 2025 (ISIN: XS2023872174), issued by the Company (the "Series 32 Notes");


(iii) EUR 500,000,000 1.875 per cent. Notes due 2026 (ISIN: XS1649193403), issued by the Company (the "Series I Notes");


(iv) EUR 600,000,000 1.500 per cent. Notes due 2026 (ISIN: XS1843435501) of the Company, originally issued by TLG Immobilien AG (the "Series 36 Notes");


(v) EUR 1,000,000,000 0.000 per cent. Notes due 2026 (ISIN: XS2273810510), issued by the Company (the "Series 38 Notes");


(vi) EUR 500,000,000 2.00 per cent. Notes due 2026 (ISIN: XS1815135352), issued by the Company (the "Series O Notes" and together with the Series K Notes, the Series 32 Notes, the Series I Notes, the Series 36 Notes and the Series 38 Notes, the "Notes" and each a "Series")


to tender the Notes for purchase by the Company for cash (the "Offers" and each such invitation, an "Offer").


The Offers shall be subject to the terms and conditions set out in the tender offer memorandum dated 29 March 2023 (the "Tender Offer Memorandum") prepared by the Company.

Capitalized terms used in this announcement but not defined have the meanings given to them in the Tender Offer Memorandum."


...


"Rationale for the Offers


The rationale of the Offers is, amongst other things, to proactively manage the Company's debt maturity profile."


...



 

**PREVIOUS OFFER BELOW**

 

Aroundtown SA announces the result of the offers to the holders of its EUR 700,000,000 1.000 per cent. Notes due 2025 (ISIN: XS1715306012) and EUR 800,000,000 0.625 per cent. Notes due 2025 (ISIN: XS2023872174) to tender such Notes for purchase for cash.



18 JANUARY 2023


Full announcement available via EURONEXT.



"Announcement of Results


The Company hereby announces that it will accept for purchase EUR 110,500,000.00 in aggregate principal amount of Notes validly tendered pursuant to the Offers. The total purchase consideration for Notes validly tendered and accepted for purchase (excluding Accrued Interest in respect of such Notes) is EUR 95,831,300.00.

The final results of the Offers are as follows:


Series K Offer


The Company has decided to accept EUR 82,700,000.00 in aggregate principal amount of the Series K Notes validly tendered (Scaling Factor for the Notes offered at the highest price the Company accepted: 50%). The final results of the Series K Offer are as follows:


Series Acceptance Amount: EUR 82,700,000.00

Total Purchase Consideration (excluding Accrued Interest): EUR 72,538,850.00


Following the settlement of the Series K Offer, Series K Notes in a principal amount of EUR 605,400,000.00 will remain outstanding.


Series 32 Offer


The Company has decided to accept EUR 27,800,000.00 in aggregate principal amount of the Series 32

Notes validly tendered. The final results of the Series 32 Offer are as follows:


Series Acceptance Amount: EUR 27,800,000.00


Total Purchase Consideration (excluding Accrued Interest): EUR 23,292,450.00


Following the settlement of the Series 32 Offer, Series 32 Notes in a principal amount of EUR 754,200,000.00 will remain outstanding."

 

Aroundtown SA announces offers to the holders of its EUR 700,000,000 1.000 per cent. Notes due 2025 (ISIN: XS1715306012) and EUR 800,000,000 0.625 per cent. Notes due 2025 (ISIN: XS2023872174) to tender such Notes for purchase for cash.


11 JANUARY 2023


Full announcement available via EURONEXT.


"The Board of Directors of Aroundtown SA (the "Company") has decided to offer to the holders of its (i) EUR 700,000,000 1.000 per cent. Notes due 2025 (ISIN: XS1715306012) (the "Series K Notes") to tender the Series K Notes for purchase by the Company for cash (the "Series K Offer") and (ii) EUR 800,000,000 0.625 per cent. Notes due 2025 (ISIN: XS2023872174) (the "Series 32 Notes" and, together with the Series K Notes, the "Notes" and each a "Series") to tender the Series 32 Notes for purchase by the Company for cash (the "Series 32 Offer" and, together with the Series K Offer, the "Offers").


The Offers shall be subject to the terms and conditions set out in the tender offer memorandum dated 11 January 2023 (the "Tender Offer Memorandum") prepared by the Company.


Capitalized terms used in this announcement but not defined have the meanings given to them in the Tender Offer Memorandum."


...


"Rationale for the Offers


The rationale of the Offers is, amongst other things, to proactively manage the Company's debt maturity profile."

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