By Devika Patel
Knoxville, Tenn., Sept. 13 – Unibail-Rodamco-Westfield SE priced $1 billion of senior notes (A2/A) in two parts on Thursday, according to a press release. The deal was two times oversubscribed.
The company sold $500 million of 4.125% 10-year notes and $500 million of 4.625% 30-year notes.
Citigroup Global Markets Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and SMBC Nikko Securities America, Inc. are the arrangers for the Rule 144A and Regulation S notes.
Proceeds will be used to repay outstanding borrowings under the group’s U.S. revolving credit facility and for general corporate purposes.
Unibail-Rodamco-Westfield is a Paris-based commercial real estate investment company.
| Issuer: | Unibail-Rodamco-Westfield SE
|
| Amount: | $1 billion
|
| Description: | Senior notes
|
| Bookrunners: | Citigroup Global Markets Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and SMBC Nikko Securities America, Inc.
|
| Trade date: | Sept. 13
|
| Ratings: | Moody’s: A2
|
| S&P: A
|
| Distribution: | Rule 144A and Regulation S
|
|
|
| 10-year bonds
|
| Amount: | $500 million
|
| Maturity: | 10 years
|
| Coupon: | 4.125%
|
|
|
| 30-year bonds
|
| Amount: | $500 million
|
| Maturity: | 30 years
|
| Coupon: | 4.625%
|
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