Dexus holders exercise put option for A$323.2 million 2.3% notes

By Mary-Katherine Stinson

Lexington, Ky., March 19 – Dexus Finance Pty Ltd. announced that holders of A$323.2 million of its 2.3% guaranteed exchangeable notes due 2026 (ISIN: XS1961891220) have exercised their put option, according to a notice.

Holders had the right to exercise this option during a period before March 19.

Following the put exercise, Dexus will call the remaining A$1.8 million of notes on April 8.

Dexus will fund the entire A$325 million payment through a draw under its existing debt facility.

The repurchased notes will be canceled.

Dexus is an Australasian fully integrated real asset group.

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