Aroundtown SA
ISIN: LU1673108939
WKN: A2DW8Z
09 Juli 2024 06:29PM

EQS-News: Aroundtown SA successfully issues benchmark bond and in parallel launched tender to buyback shorter-term bonds to extend debt maturity profile

Aroundtown SA · ISIN: LU1673108939 · EQS - Company News
Land: Luxemburg · Primärmarkt: Luxemburg · EQS News ID: 1942757

EQS-News: Aroundtown SA / Key word(s): Bond/Financing
Aroundtown SA successfully issues benchmark bond and in parallel launched tender to buyback shorter-term bonds to extend debt maturity profile

09.07.2024 / 18:29 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 SUCCESSFULLY ISSUES BENCHMARK BOND AND IN PARALLEL LAUNCHED TENDER TO BUYBACK SHORTER-TERM BONDS TO EXTEND DEBT MATURITY PROFILE 

9 July 2024

Aroundtown (the “Company” or “AT”), announces the successful issuance of a 5-year €650 million unsecured bond (the “Issuance”). With this first senior unsecured bond issuance in over two years, following the recent successful bond issuance of its subsidiary Grand City Properties S.A. (“GCP”, together with AT the “Group”), the Group further diversified its broad range of funding sources in addition to disposals and secured debt.

The new Series 40 bond will have a nominal amount of €650 million, a coupon of 4.8% and a tenor of 5 years, maturing in Q3 2029. The Issuance attracted very strong demand from high quality investors with a substantial book of approx. €4.5 billion, as a result of which the Issuance was 7 times oversubscribed. The bond is expected to be rated BBB+ by S&P.

In parallel the Company is executing a liability management exercise and plans to utilize the proceeds of the Issuance to repay shorter-term debt to pro-actively manage its debt profile. The liability management exercise was launched on July 8th, is expected to expire on July 15th, and is targeting over €1.8 billion in nominal value of bonds with near-term maturities through a tender process (together with the Issuance the “Transaction”). Through this Transaction, the Company aims to extend its debt maturity profile, as well as strengthen its balance sheet and support deleveraging.

Together with GCP, the Group issues €1.15 billion of bonds, receiving significant investor interest and supporting its pro-active liability management strategy.

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.

Contact

Timothy Wright
T: +352 288 313
E: info@aroundtown.de
www.aroundtown.de

DISCLAIMER

THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY SECURITIES.

THE SECURITIES MENTIONED IN THIS ANNOUNCEMENT HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE SECURITIES ACT), AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT. THERE WILL BE NO PUBLIC OFFERING OF THE SECURITIES IN THE UNITED STATES.

THIS ANNOUNCEMENT IS DIRECTED AT AND IS ONLY BEING DISTRIBUTED IN THE UNITED KINGDOM TO (I) PERSONS WHO HAVE PROFESSIONAL EXPERIENCE IN MATTERS RELATING TO INVESTMENTS FALLING WITHIN ARTICLE 19(5) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005 (THE ORDER), (II) HIGH NET WORTH ENTITIES, AND OTHER PERSONS TO WHOM IT MAY OTHERWISE LAWFULLY BE COMMUNICATED FALLING WITHIN ARTICLE 49 OF THE ORDER, AND (III) PERSONS TO WHOM IT MAY OTHERWISE LAWFULLY BE COMMUNICATED (ALL SUCH PERSONS TOGETHER BEING REFERRED TO AS RELEVANT PERSONS). THIS COMMUNICATION MUST NOT BE READ, ACTED ON OR RELIED ON BY PERSONS WHO ARE NOT RELEVANT PERSONS. ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS ANNOUNCEMENT RELATES IS AVAILABLE ONLY TO RELEVANT PERSONS AND WILL BE ENGAGED IN ONLY WITH RELEVANT PERSONS.

IN MEMBER STATES OF THE EUROPEAN ECONOMIC AREA (EEA) AND THE UNITED KINGDOM, THIS ANNOUNCEMENT AND ANY OFFER IF MADE SUBSEQUENTLY IS DIRECTED ONLY AT PERSONS WHO ARE “QUALIFIED INVESTORS” WITHIN THE MEANING OF REGULATION (EU) 2017/1129, AS AMENDED (THE PROSPECTUS REGULATION) (QUALIFIED INVESTORS). ANY PERSON IN THE EEA OR THE UNITED KINGDOM WHO ACQUIRES THE SECURITIES IN ANY OFFER (AN INVESTOR) OR TO WHOM ANY OFFER OF THE SECURITIES IS MADE WILL BE DEEMED TO HAVE REPRESENTED AND AGREED THAT IT IS A QUALIFIED INVESTOR. ANY INVESTOR WILL ALSO BE DEEMED TO HAVE REPRESENTED AND AGREED THAT ANY SECURITIES ACQUIRED BY IT IN THE OFFER HAVE NOT BEEN ACQUIRED ON BEHALF OF PERSONS IN THE EEA OR THE UNITED KINGDOM OTHER THAN QUALIFIED INVESTORS, NOR HAVE THE SECURITIES BEEN ACQUIRED WITH A VIEW TO THEIR OFFER OR RESALE IN THE EEA OR THE UNITED KINGDOM TO PERSONS WHERE THIS WOULD RESULT IN A REQUIREMENT FOR PUBLICATION BY AROUNDTOWN OR ANY OF THE MANAGERS OF A PROSPECTUS PURSUANT TO ARTICLE 3 OF THE PROSPECTUS REGULATION.

THIS ANNOUNCEMENT MAY CONTAIN PROJECTIONS OR ESTIMATES RELATING TO PLANS AND OBJECTIVES RELATING TO OUR FUTURE OPERATIONS, PRODUCTS, OR SERVICES, FUTURE FINANCIAL RESULTS, OR ASSUMPTIONS UNDERLYING OR RELATING TO ANY SUCH STATEMENTS, EACH OF WHICH CONSTITUTES A FORWARD-LOOKING STATEMENT SUBJECT TO RISKS AND UNCERTAINTIES, MANY OF WHICH ARE BEYOND THE CONTROL OF AROUNDTOWN SA. ACTUAL RESULTS COULD DIFFER MATERIALLY, DEPENDING ON A NUMBER OF FACTORS.

 

 

 



09.07.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: Aroundtown SA
37, Boulevard Joseph II
L-1840 Luxembourg
Luxemburg
Phone: +352 288 313
E-mail: info@aroundtown.de
Internet: http://www.aroundtown.de
ISIN: LU1673108939, LU1673108939, XS2114459550, XS1508392625, XS1634523754, XS1752984440, XS2017788592, XS2027946610, XS2055106210, XS2287744721, XS1586386739, XS1639847760, XS1649193403, XS1700429308, XS1715306012, XS1753814141, CH0398677689, XS1761721262, XS1815135352, AU3CB0252955, CA04269KAA12, XS1879567144, XS1877353786, XS1901137106, XS1905592546, CH0460054437, XS1961042915, XS1964701822, XS1966277748, XS1980255779, XS1999746370, XS2023872174, XS2023873149, XS2198981263, XS1843435501, XS2273810510, XS2421195848, XS2799494120, XS2799493825, XS2812484728, XS2812484215,
WKN: A2DW8Z, A1Z07A, A18V71, A180VY, A1839S, A1899S, A19LQR, A19QUX, A19Q3W, A19VK9, A19Z76, A19U7Q
Indices: MDAX, FTSE EPRA/NAREIT, GPR 250
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Dublin, Luxembourg Stock Exchange, SIX
EQS News ID: 1942757

 
End of News EQS News Service

1942757  09.07.2024 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1942757&application_name=news&site_id=boersengefluester~~~ace3d64b-2049-452a-8d18-fbc8044c4b5f

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Die wichtigsten Finanzdaten auf einen Blick
  2018 2019 2020 2021 2022 2023 2024e
Umsatzerlöse1 747,10 894,80 1.180,30 1.323,20 1.609,90 1.602,80 0,00
EBITDA1,2 606,00 772,70 944,10 974,90 1.002,30 -2.449,70 0,00
EBITDA-Marge3 81,11 86,35 79,99 73,68 62,26 -152,84 0,00
EBIT1,4 2.293,50 2.155,80 1.651,70 1.736,70 361,10 -2.467,60 0,00
EBIT-Marge5 306,99 240,93 139,94 131,25 22,43 -153,96 0,00
Jahresüberschuss1 1.827,80 1.709,10 906,40 1.078,10 -457,10 -2.426,40 0,00
Netto-Marge6 244,65 191,00 76,79 81,48 -28,39 -151,39 0,00
Cashflow1,7 472,80 613,60 615,80 625,80 788,00 772,10 0,00
Ergebnis je Aktie8 1,49 1,11 0,49 0,53 -0,58 -1,82 -0,11
Dividende8 0,25 0,14 0,22 0,23 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben
Legende

1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: KPMG

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INVESTOR-INFORMATIONEN
©boersengefluester.de
Aroundtown
WKN ISIN Rechtsform Börsenwert IPO Einschätzung Plus Code
A2DW8Z LU1673108939 SA 4.414,34 Mio € 03.06.2015 Halten 8FX8J49G+J6
* * *
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV KBV KCV KUV
13,68 6,91 1,98 6,62 0,58 5,72 2,75
Dividenden
Dividende '2022
in €
Dividende '2023
in €
Dividende '2024e
in €
Div.-Rendite '2024e
in %
0,00 0,00 0,00 0,00%
Finanztermine
Hauptversammlung Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
26.06.2024 28.05.2025 28.08.2024 27.11.2024 26.03.2025
Performance-Angaben
Abstand 60-Tage-Linie Abstand 200-Tage-Linie Performance YtD Kursveränderung 52 Wochen IPO
Akt. Kurs (EoD)
+3,35%
2,87 €
ATH 8,88 €
-2,11% +22,67% +15,71% +21,18% -22,80%

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