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Citycon Treasury B.V. - Tender Offer 2024 (XS) - Results

Citycon announces the results of its tender offer for the outstanding notes of Citycon Treasury B.V. due 2024 - XS1114434167

05 MARCH 2024


Full announcement including disclaimers and offer/distribution restrictions available via Euronext


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"On 28 February 2024, the Offeror priced its EUR 300 million 6.500 per cent. Senior Unsecured Green Notes due 2029 (the “New Notes”). The New Notes are unconditionally and irrevocably guaranteed by the Guarantor. Application will be made for the New Notes to be admitted to listing and trading on the Irish Stock Exchange plc trading as Euronext Dublin. The New Notes are expected to settle on 6 March 2024.


The Offeror today announces that, subject to the satisfaction (or waiver) of the Financing Condition, it will accept for purchase EUR 213,253,000 in aggregate principal amount of Securities validly tendered pursuant to the Offer. The total purchase consideration (including Accrued Interest Payments) for Securities validly tendered and accepted for purchase pursuant to the Offer will be EUR 213,688,537.15, which will be funded using a portion of the net proceeds from the New Notes.


The final results of the Offer are as follows:



Subject to the satisfaction (or waiver) of the Financing Condition, the expected Settlement Date is 7 March 2024. Full details concerning the Offer are set out in the Tender Offer Memorandum.


The Offer has now expired and no further Securities can be tendered for purchase pursuant to the Offer."


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Citycon Treasury B.V. announces Tender Offer for its outstanding EUR 310,342,000 2.50 per cent Guaranteed Notes due 2024 - XS1114434167

27 FEBRUARY 2024


Full announcement including disclaimers and offer/distribution restrictions available via Euronext


Citycon Treasury B.V. (the “Offeror”) announces today its invitation to holders of its outstanding EUR 310,342,000 2.50 per cent Guaranteed Notes due 2024 guaranteed by Citycon Oyj (the “Guarantor”) (ISIN: XS1114434167) issued in separate tranches on 1 October 2014 and 10 June 2020 (the “Securities”), to tender any and all of their Securities for purchase by the Offeror for cash (the “Offer”) on the terms and subject to the conditions set out in the tender offer memorandum dated 27 February 2024 (the “Tender Offer Memorandum”) prepared by the Offeror. The Offer is subject to the offer and distribution restrictions set out below and as more fully described in the Tender Offer Memorandum.

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Summary of the Offer


A summary of certain terms of the Offer appears below:




Rationale for the Offer


The purpose of the Offer, in conjunction with the issue of the New Notes (as defined below), is, amongst other things, to refinance the Offeror’s short-term debt maturities and manage the Offeror’s and the Guarantor’s debt maturity profile."


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