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Unibail-Rodamco-Westfield - Exchange Offer - Launch

URW announces an Exchange Offer on its Perp-NC 2023 hybrid - FR0013330529

20 JUNE 2023

Full announcement including disclaimers and offer restrictions available via Unibail-Rodamco-Westfield (Source: Unibail-Rodamco-Westfield)

• Comprehensive solution for fixed income investors as an alternative to remaining invested in the Perp-NC 2023 hybrid notes

• Coupon of 7.25% and a Cash Amount

• Preserves equity content with rating agencies and supports URW’s ratings

"UNIBAIL-RODAMCO-WESTFIELD SE (“URW” or “the Group”) announces an any-and-all par-for-par Exchange Offer on the €1,250,000,000 Hybrid Perp-NC 2023 notes with a First Reset Date on 25 October 2023 (ISIN: FR0013330529) (the “Existing Notes”) into a new Euro denominated Deeply Subordinated Perpetual Fixed Rate Resettable Perp-NC 5.25 hybrid notes with a coupon of 7.25% (the “New Notes”) and a Cash Amount. "


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