EQS-News

Aroundtown SA decides not to exercise its option to voluntarily call GBP 400 million 4.75% Perpetual Notes with a first call date in June 2024

EQS-News: Aroundtown SA / Key word(s): Statement Aroundtown SA decides not to exercise its option to voluntarily call GBP 400 million 4.75% Perpetual Notes with a first call date in June 2024 15.05.2024 / 19:52 CET/CEST The issuer is solely responsible for the content of this announcement. THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF APPLICABLE LAWS OR REGULATIONS

Aroundtown SA decides not to exercise its option to voluntarily call GBP 400 million 4.75% Perpetual Notes with a first call date in June 2024

Luxembourg, 15 May 2024 - The board of directors (the “Board”) of Aroundtown SA (the “Company” or “AT”) has decided that it will not exercise the option to voluntarily redeem its GBP 400 million 4.75% undated subordinated notes, subject to interest rate reset with a first call date on 25 June 2024 (ISIN XS2017788592) (the “Perpetuals”) on such first call date. The nominal amount outstanding of the Perpetuals is GBP20.4 million, following the completion of the Company’s exchange and tender offer in May 2024.

This decision is based on the current prevailing market conditions. AT has the option to call the Perpetuals at or around every future interest payment date. The Perpetuals will continue to be accounted as 100% equity under IFRS and for the calculation of financial covenants of AT’s senior bonds.

About the Company

Aroundtown SA (symbol: AT1), trading on the Prime Standard of the Frankfurt Stock Exchange, is the largest listed and highest rated (BBB+ by S&P) German commercial real estate company. Aroundtown invests in income generating quality properties with value-add potential in central locations in top tier European cities mainly in Germany/NL.

Aroundtown SA (ISIN: LU1673108939) is a public limited liability company (société anonyme) established under the laws of the Grand Duchy of Luxembourg, registered with the Luxembourg Trade and Companies Register (Registre de Commerce et des Sociétés, Luxembourg) under number B217868, having its registered office at 37, Boulevard Joseph II, L-1840 Luxembourg, Grand Duchy of Luxembourg.