Unibail-Rodamco-Westfield announces the implementation of cross guarantees
28 Giugno 2018 - 5:00PM
JCN Newswire (English)
Paris, Amsterdam, June 29, 2018 - (ACN Newswire) - On June 7, 2018,
Unibail-Rodamco SE announced that it had completed the acquisition
of Westfield Corporation to create Unibail-Rodamco-Westfield (the
"Group"). As part of this transaction, the Group planned to have
the senior corporate debt of all members of the Group be ranked
pari passu by implementing cross guarantees.
Today, Unibail-Rodamco SE and WFD Unibail-Rodamco N.V. jointly
announce that as of June 28, 2018, all of the guarantors identified
below as "Westfield Guarantors" have jointly and severally agreed
to guarantee the payment of all sums payable from time to time
under:
- The outstanding notes issued by Unibail-Rodamco SE and by Rodamco
Sverige AB under their Euro Medium Term Note Programme,
- The outstanding convertible bonds (ORNANE) issued by
Unibail-Rodamco SE, and
- Certain syndicated and bilateral credit facilities pursuant to
which Unibail-Rodamco SE is either a borrower or a guarantor. The
agents for such syndicated and bilateral credit facilities will be
notified of the respective guarantees from which such facilities
will benefit.
Reciprocally, as of June 28, 2018, the guarantors identified below
as "Unibail-Rodamco Guarantors" have jointly and severally agreed
to guarantee the payment of all sums payable from time to time
under the outstanding guaranteed senior notes issued by certain
subsidiaries of the former Westfield Corporation (WEA Finance LLC,
Westfield UK & Europe Finance PLC and WFD Trust).
In addition, a new 4-year (with two six-month extension options)
multicurrency senior revolving credit facility in the amount of
US$3.0 billion became effective on June 28, 2018, pursuant to which
certain of the entities listed below are borrowers and all of the
guarantors listed below have jointly and severally agreed to
guarantee the payment of all sums payable from time to time under
the facility.
Equivalent guarantees will be issued for future senior corporate
debt to be issued by wholly-owned subsidiaries of Unibail-Rodamco
SE or WFD Unibail-Rodamco N.V.
Westfield Guarantors
- WCL Finance Pty Limited
- WEA Finance LLC
- Westfield America Trust
- Westfield Corporation Limited
- Westfield UK & Europe Finance PLC
- WFD Trust
Unibail-Rodamco Guarantors
- Unibail-Rodamco SE
- WFD Unibail-Rodamco N.V.
- URW America Inc.
For further information, please contact:
Investor Relations
Maarten Otte
+33 1 76 77 58 02
Maarten.otte@urw.com
Media Relations
Nathalie Feld
+33 1 76 77 57 94
Nathalie.feld@ext.urw.com
About Unibail-Rodamco-Westfield
Unibail-Rodamco-Westfield is the premier global developer and
operator of flagship shopping destinations. With a portfolio valued
at EUR 62 Bn as at 31 December 2017, of which 88% in retail, 7% in
offices and 6% in convention & exhibition venues, the Group
owns and operates 102 shopping centres, of which 56 are flagships
in the most dynamic cities in Europe and the United States. Its
centres welcome 1.2 billion visits per year. Present in 2
continents and in 13 countries, Unibail-Rodamco-Westfield provides
a unique platform for retailers and brand events, and offers an
exceptional and constantly renewed experience for customers.
With the support of its 3,700 professionals and an unparalleled
track-record and know-how, Unibail-Rodamco-Westfield is ideally
positioned to generate superior value and develop world-class
projects. The Group has the largest development pipeline in the
industry, worth EUR 13 Bn.
Unibail-Rodamco-Westfield distinguishes itself by its Better Places
2030 agenda, that sets its ambition to create better places that
respect the highest environmental standards and contribute to
better cities.
Unibail-Rodamco-Westfield is listed on Euronext Amsterdam and
Euronext Paris (Euronext ticker: URW). A secondary listing has been
established in Australia through Chess Depositary Interests. The
Group benefits from a rating in the A category from Standard &
Poor's, Moody's and Fitch Ratings.
For more information, please visit www.urw.com
URW announces the implementation of cross guaran
http://hugin.info/136618/R/2201890/854018.pdf
Source: UNIBAIL-RODAMCO
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