Grand City Properties S.A., / Schlagwort(e): Anleihe/Extra keyword
19.11.2014 08:30
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NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE
UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE
U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN
MARIANA ISLANDS), ANY STATE OF THE UNITED STATES OR THE DISTRICT OF
COLUMBIA (the United States) OR TO ANY U.S. PERSON OR IN ANY OTHER
JURISDICTION WHERE SUCH DISTRIBUTION IS UNLAWFUL.
GRAND CITY PROPERTIES S.A. ANNOUNCES REDEMPTION
OF OUTSTANDING SERIES B BONDS
19 November 2014.
Grand City Properties S.A. (the „Company“) announces that it has resolved
to exercise its right to redeem the outstanding EUR 350 million 6.25 per
cent. senior secured series B bonds due 2020 (the „Series B Bonds“) in
accordance with the terms and conditions of the Series B Bonds and a formal
notice to this effect will be sent today to the holders of the Series B
Bonds.
As at today’s date, the principal amount of the Series B Bonds outstanding
is EUR18,167,000, which represents 5.2% of the principal amount of the
Series B Bonds originally issued.
The outstanding Series B Bonds will be redeemed at their principal amount
on 5 January 2015 (together with accrued and unpaid interest to that date).
About the Company
Grand City Properties is a specialist real estate company focused on
investing in and managing turnaround opportunities in the real estate
property market in Germany, primarily in densely populated areas. The
Company’s strategy is to improve its properties through targeted
modernisation and intensive tenant management, and then create value by
subsequently raising occupancy and rental levels. For the nine months
ending 30 September 2014, the Company reported an EBITDA of EUR 219 million
(YOY increase of 39%), and a net profit of EUR 174 million (YOY increase of
27%). EPRA NAV amounts to EUR 1,342 million. Since May 2012, Grand City
Properties is listed on the Frankfurt Stock Exchange Entry Standard. The
company is rated BB+ by Standard and Poors (stable outlook). Further
information: www.grandcityproperties.com.
Grand City Properties (ISIN: LU0775917882) is a public limited liability
company (société anonyme) incorporated under the laws of the Grand Duchy of
Luxembourg, having its registered office at 24, Avenue Victor Hugo , L 1750
Luxembourg and being registered with the Luxembourg trade and companies
register (Registre de Commerce et des Sociétés Luxembourg) under number B
165560.
Contact:
Grand City Properties S.A.
24, Avenue Victor Hugo
L 1750 Luxemburg
T: +352 28 77 87 86
www.grandcityproperties.com
Press Contact:
Katrin Petersen
Grand City Properties S.A.
T: +49 (30) 887088-1128
E: katrin.petersen@grandcity.lu
www.grandcityproperties.com
Disclaimer:
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 THE
COMPANY. ACTUAL RESULTS COULD DIFFER MATERIALLY, DEPENDING ON A NUMBER OF
FACTORS.
The distribution of this announcement in certain jurisdictions may be
restricted by law. Persons into whose possession this announcement comes
are required by the Company to inform themselves about, and to observe, any
such restrictions.
This announcement is not an offer of securities for sale in the United
States or to U.S. Persons. Securities may not be offered or sold in the
United States absent registration under, or an exemption from the
registration requirements of, the Securities Act. The Series B Bonds have
not been, and will not be, registered under the Securities Act or the
securities laws of any state or other jurisdiction of the United States,
and may not be offered, sold or delivered, directly or indirectly, in the
United States or to, or for the account or benefit of, U.S. Persons (except
pursuant to an exemption from the registration requirements of the
Securities Act).
Nothing in this announcement or the electronic submission thereof
constitutes an offer to sell or the solicitation of an offer to buy the
Series B Bonds in any jurisdiction.
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