SFL – Completion of the Bond Tender Offer
09 Settembre 2020 - 11:05AM
Business Wire
Regulatory News:
On 8 September 2020, SFL (Paris:FLY) completed the tender offer
launched on 2 September 2020 on its two bond issues maturing in
November 2021 (ISIN Code: FR0012346856) (the “2021 Notes”) and
November 2022 (ISIN Code: FR0013053030) (the “2022 Notes”, and
together with the 2021 Notes, the “Notes”).
This transaction enables SFL to purchase a portion of the Notes
in a total nominal amount of €160,700,000, including (i)
€100,300,000 of 2021 Notes at a tender price of 101.797 % (as per
0.00% tender yield) (€249,700,000 remaining outstanding) and (ii) €
60,400,000 of 2022 Notes at a tender price of 104.15 % of the
principal amount of the 2022 Notes (€289,600,000 remaining
outstanding).
This tender offer is part of SFL’s active debt management
strategy, and allows SFL to optimise its cost of debt and to
improve the balance sheet structure.
About SFL
Leader in the prime segment of the Parisian commercial real
estate market, Société Foncière Lyonnaise stands out for the
quality of its property portfolio, which is valued at €7.2 billion
and is focused on the Central Business District of Paris
(#cloud.paris, Edouard VII, Washington Plaza, etc.), and for the
quality of its client portfolio, which is composed of prestigious
companies in the consulting, media, digital, luxury, finance and
insurance sectors. As France’s oldest property company, SFL
demonstrates year after year an unwavering commitment to its
strategy focused on creating a high value in use for users and,
ultimately, substantial appraisal values for its properties.
Stock market: Euronext Paris Compartment A – Euronext Paris ISIN
FR0000033409 – Bloomberg: FLY FP – Reuters: FLYP PA
S&P rating: BBB+ stable outlook
www.fonciere-lyonnaise.com
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version on businesswire.com: https://www.businesswire.com/news/home/20200909005470/en/
SFL - Thomas Fareng - Phone +33 (0)1 42 97 27 00 -
t.fareng@fonciere-lyonnaise.com Evidence - Grégoire Silly -
Phone +33 (0)6 99 10 78 99 - gregoire.silly@evidenceparis.fr
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