Aroundtown details tender offer for 2% notes due 2026

Chicago, Sept. 28 – Aroundtown SA provided details of its tender offer for a capped amount of its €500 million outstanding 2% notes due 2026 (ISIN: XS1815135352), according to a notice.

The company will price the offering using the interpolated mid-swap rate plus up to 42 basis points.

Pricing will be based on the first par call date, Aug. 2, 2026. Interest will also be paid.

The tender offer will be conducted via modified Dutch auction.

Tendering noteholders may specify a spread for a competitive tender offer when they tender their notes, up to the maximum 42 bps spread.

Non-competitive tenders will be accepted before competitive tenders.

Aroundtown has the option of a clean-up call if more than 80% of the notes are tendered and accepted for purchase.

The purchase price will represent the highest spread that will enable the company to purchase an aggregate principal amount of notes which equals the final acceptance amount.

The offer expires at 11 a.m. ET on Sept. 29.

Pricing will take place at 6 a.m. ET on Sept. 30.

Settlement is expected for Oct. 4.

Citigroup Global Markets Ltd. (+44 20 7086 8969, liabilitymanagement.europe@citi.com), Goldman Sachs International (+44 20 7051 7385, liabilitymanagement.eu@gs.com) and Nomura International plc (+44 20 7103 2454, liability.management@nomura.com) are the dealer managers.

Lucid Issuer Services Ltd. is the tender agent (+44 20 7704 0880, aroundtown@lucid-is.com).

Aroundtown is a Luxembourg-based commercial real estate company.

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