Unibail-Rodamco-Westfield (“URW”) announces the successful placement of €1.4 Bn of bonds
02 Aprile 2020 - 11:30PM
Unibail-Rodamco-Westfield (“URW”) announces the successful
placement of €1.4 Bn of bonds
Paris, Amsterdam, April 2, 2020
Press release
Unibail-Rodamco-Westfield (“URW”) announces
the successful placement of €1.4 Bn of bonds
URW today successfully priced a €1.4 Bn
two-tranche senior bond offering, strengthening its liquidity
position:
- A €600 Mn bond with a 5-year maturity and a 2.125% fixed
coupon; and
- A €800 Mn bond with a 10-year maturity and a 2.625% fixed
coupon.
The offering attracted strong demand with the
order book exceeding €3.3 Bn.
The net proceeds from this issuance will be used
for general corporate purposes, including the refinancing of debt
maturing in 2020 and extending the Group’s debt maturity.
This week, URW raised a total of €1.9 Bn to
further increase its ample liquidity position. After payment of the
interim dividend on March 26, the Group will have €11 Bn in cash on
hand and undrawn credit lines upon closing of the senior bond
offering.
For further information, please
contact:
Investor Relations Samuel WarwoodMaarten
Otte +33 1 76 77 58 02 Maarten.otte@urw.com
Media Relations Tiphaine Bannelier-Sudérie +33 1 76
77 57 94 Tiphaine.Bannelier-Suderie@urw.com
About Unibail-Rodamco-Westfield
Unibail-Rodamco-Westfield is the premier global
developer and operator of Flagship destinations, with a portfolio
valued at €65.3 Bn as at December 31, 2019, of which 86% in retail,
6% in offices, 5% in convention & exhibition venues and 3% in
services. Currently, the Group owns and operates 90 shopping
centres, including 55 Flagships in the most dynamic cities in
Europe and the United States. Its centres welcome 1.2 billion
visits per year. Present on 2 continents and in 12 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 3,600
professionals and an unparalleled track-record and know-how,
Unibail-Rodamco-Westfield is ideally positioned to generate
superior value and develop world-class projects. As at December 31,
2019, the Group had a development pipeline of €8.3
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 stapled shares are listed
on Euronext Amsterdam and Euronext Paris (Euronext ticker: URW),
with a secondary listing in Australia through Chess Depositary
Interests. The Group benefits from an A- rating from Standard &
Poor’s and from an A3 rating from Moody’s.
For more information, please visit
www.urw.comVisit our Media Library at
https://mediacentre.urw.comFollow the Group updates on Twitter
@urw_group, Linkedin @Unibail-Rodamco-Westfield and Instagram
@urw_group
- Unibail-Rodamco-Westfield (“URW”) announces the successful
placement of €1.4 Bn of bonds
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