(Boursier.com) — Klepierre yesterday closed the cash tender offer, launched on January 6, 2022, relating to two series of bonds:
– bonds in the amount of 750,000,000 euros bearing interest at the rate of 1.00% maturing on April 17, 2023 (ISIN code: FR0012674661), issued by Klépierre on April 17, 2015, the outstanding amount of which was €750,000,000 before the buyback offer; and
– bonds in the amount of 630,000,000 euros bearing interest at a rate of 1.75% maturing on November 6, 2024 (ISIN Code: FR0012283653), issued by Klépierre in three comparable tranches respectively on November 6, 2014, January 28 2015 and June 11, 2015, the outstanding amount of which was €630,000,000 before the buyback offer.
The nominal amount tendered to the offer and accepted amounts to 297 million euros, i.e. 226.3 million euros on the bond maturing on April 17, 2023 and 70.7 million euros on the issue coming maturing on November 6, 2024.
This early repayment of bond debts optimizes Klépierre’s liquidity position, following the recent disposals finalized in December. Natixis, Société Générale and SMBC Nikko Capital Markets Europe GmbH acted as lead managers on the tender offer.
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