Tender Offer Results

RNS Number : 1617U

Globalworth Real Estate Inv Ltd

27 July 2020

 

NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA (THE "UNITED STATES") OR TO ANY U.S. PERSON OR TO ANY PERSON LOCATED IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS NOTICE (SEE "OFFER RESTRICTIONS" BELOW).

Globalworth Real Estate Investments Limited announces the results of its Tender Offer in respect of its €550,000,000 2.875 per cent. Notes due 20 June 2022
(ISIN: XS1577957837) and the amendment of the Settlement Date of its Tender Offer

27 July 2020

Globalworth Real Estate Investments Limited[1] (the "Offeror") announces today the results of its invitation to holders (the "Noteholders") of its outstanding €550,000,000 2.875 per cent. Notes due 20 June 2022 (ISIN: XS1577957837) (the "Notes") to tender their Notes for purchase by the Offeror for cash in a Maximum Acceptance Amount of up to €400,000,000 in aggregate nominal amount of the Notes (the "Offer") on the terms and subject to the conditions contained in the tender offer memorandum dated 20 July 2020 (the "Tender Offer Memorandum") prepared by the Offeror.

In addition, pursuant to the terms of the Offer as set out in the Tender Offer Memorandum, the Offeror hereby amends the Settlement Date of the Offer to 29 July 2020 (the "New Settlement Date").  The previously communicated settlement date was 31 July 2020. 

Accrued Interest will also be paid for Notes accepted up to the New Settlement Date. Settlement remains subject to the satisfaction or waiver of the New Financing Condition.  This notice is for information purposes only and must be read in conjunction with the Tender Offer Memorandum. Capitalised terms used in this notice shall have the same meaning given to them in the Tender Offer Memorandum unless defined otherwise herein.

The Offer commenced on 20 July 2020 and expired at 5.00 p.m. (CEST) on 24 July 2020.

The Offeror will accept (subject to satisfaction or waiver of the New Financing Condition) valid tenders of Notes in the aggregate nominal amount set out in the table below:

Description of the Notes	ISIN / Common Code	Purchase Price	Aggregate nominal amount of Notes validly tendered	Acceptance Amount	Aggregate nominal amount of  Notes expected to be outstanding following settlement of the Offer
€550,000,000 2.875 per cent. Notes due 20 June 2022 issued by the Offeror	XS1577957837 / 157795783	€1,020	€ 226,872,000	€226,872,000	€ 323,128,000

Notes purchased by the Offeror pursuant to the Offer are expected to be cancelled and will not be re-issued or re-sold.

Notes which have not been validly tendered and accepted for purchase pursuant to the Offer will remain outstanding after the Settlement Date.
 

THE DEALER MANAGERS
Deutsche Bank AG, London Branch Winchester House 1 Great Winchester Street London EC2N 2DB United Kingdom For information by telephone: [phone] Attention: Liability Management Group	J.P. Morgan Securities plc 25 Bank Street Canary Wharf London E14 5JP United Kingdom For information by telephone: [phone] [e-mail]   Attention: Liability Management Group

Questions and requests for assistance in connection with the Offer may be directed to the Dealer Managers, the contact details for each of which are set out below:

THE TENDER AGENT

Lucid Issuer Services Limited Tankerton Works 12 Argyle Walk London WC1H 8HA United Kingdom

For information by telephone: [phone] Attention: Arlind Bytyqi Email: [e-mail]

 

OFFER RESTRICTIONS

The distribution of this notice in certain jurisdictions may be restricted by law. Persons into whose possession this notice or the Tender Offer Memorandum comes are required by each of the Offeror, the Dealer Managers and the Tender Agent to inform themselves about, and to observe, any such restrictions. Please also see the Tender Offer Memorandum for a fuller description of such restrictions.

DISCLAIMER

The Dealer Managers do not take responsibility for the contents of this notice. This notice must be read in conjunction with the Tender Offer Memorandum. No invitation to tender any Notes is being made pursuant to this notice. Any such invitation was only made in the Tender Offer Memorandum. This notice and the Tender Offer Memorandum contain important information.

This announcement is released by Globalworth Real Estate Investments Limited and contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 ("MAR"), encompassing information relating to the Offer described above. For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is made by Stamatis Sapkas (Deputy Chief Investment Officer) at Globalworth Real Estate Investments Limited.

This announcement has been issued through the Companies Announcement Service of Euronext Dublin.

 

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[1]  LEI: 213800R3E823B1UBIA81

 

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