Atrium European Real Estate Limited
EANS-Adhoc: ATRIUM EUROPEAN REAL ESTATE LIMITED ANNOUNCES POSTPONEMENT OF PRICING FOR THE TENDER OFFERS
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Disclosed inside information pursuant to article 17 Market Abuse Regulation
(MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
The issuer is responsible for the content of this announcement.
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Capital Measures
05.06.2018
St Helier Jersey / Channel Islands -
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 IN OR
INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS
ANNOUNCEMENT.
ATRIUM EUROPEAN REAL ESTATE LIMITED ANNOUNCES POSTPONEMENT OF PRICING FOR THE
TENDER OFFERS
5 June 2018
On 25 May 2018, Atrium European Real Estate Limited (the "Offeror") announced
its invitation to holders of its EUR350,000,000 4.000 per cent. Notes due April
2020 (the "2020 Notes"), and its EUR500,000,000 3.625 per cent. Notes due 2022
(the "2022 Notes", and together with the 2020 Notes, the "Notes" and each a
"Series") to tender such Notes for purchase by the Offeror for cash (each such
invitation, an "Offer" and together, the "Offers"). Capitalised terms used in
this announcement but not defined have the meanings given to them in the tender
offer memorandum dated 25 May 2018 (the "Tender Offer Memorandum") prepared by
the Offeror.
The Expiration Deadline for the Offers was 5.00 p.m. (CET) on 4 June 2018.
As at the Expiration Deadline, EUR202,061,000 in aggregate principal amount of
the 2020 Notes and EUR281,700,000 in aggregate principal amount of the 2022
Notes had been validly tendered pursuant to the Offers.
The Offeror hereby announces that it has decided to postpone the Pricing Time,
the Pricing Date and the Settlement Date. The Offeror will make a further
announcement confirming the revised Pricing Time, the revised Pricing Date and
the revised Settlement Date in due course. The Offeror will announce ahead of
the revised Pricing Time (i) a non-binding indication of the aggregate principal
amount of each Series that the Offeror proposes to accept for purchase (subject
to satisfaction of or waiver of the New Financing Condition) and (ii) the
applicable Pro-ration factor (if any).
The Offers were made subject to satisfaction or waiver of the New Financing
Condition and subject to the other terms and conditions contained in the Tender
Offer Memorandum. The Offers remain subject to the right of the Offeror to
extend, re-open, withdraw or terminate the Offers and to amend or waive any of
the terms and conditions of the Offers, as further described in the Tender Offer
Memorandum.
The Offeror will announce whether it will accept for purchase the Notes validly
tendered in the Offers and, if so accepted, the Final Acceptance Amount, the
Series Acceptance Amount, the applicable Pro-ration factor (if any), the 2020
Interpolated Mid-Swap Rate and the 2022 Interpolated Mid-Swap Rate, the 2020
Purchase Yield and the 2022 Purchase Yield and the Purchase Price in respect of
each Series accepted for purchase as soon as reasonably practicable after
pricing of the Offers has been completed. Until the Offeror announces the final
aggregate principal amount of the Notes of each Series accepted for purchase, no
assurance can be given that any Notes validly tendered for purchase pursuant to
the Offers will be accepted.
THE DEALER MANAGERS
Deutsche Bank AG, London Branch HSBC Bank plc
Winchester House 8 Canada Square
1 Great Winchester Street London E14 5HQ
London EC2N 2DB United Kingdom
United Kingdom
Telephone: +44 20 7992 6237
Telephone: +44 20 7545 8011 Attention: Liability Management Group
Attention: Liability Management Group Email: LM_EMEA@hsbc.com
THE TENDER AGENT
Deutsche Bank AG, London Branch
Winchester House
1 Great Winchester Street
London EC2N 2DB
United Kingdom
Telephone: 020 7547 5000
Attention: Trust and Agent Services
Email: xchange.offer@db.com
DISCLAIMER
The offer period for the Offers has now expired. No further tenders of any Notes
may be made pursuant to the Offers. This announcement must be read in
conjunction with the Tender Offer Memorandum. This announcement and the Tender
Offer Memorandum contain important information which should be read carefully.
If any Noteholder is in any doubt as to the contents of this announcement and/or
the Tender Offer Memorandum or the action it should take, it is recommended to
seek its own financial advice, including in respect of any tax consequences,
from its broker, bank manager, solicitor, accountant or other independent
financial, tax or legal adviser. The Dealer Managers and the Tender Agent do not
accept any responsibility for the accuracy or completeness of the information
contained in this announcement or the Tender Offer Memorandum including (without
limitation) information concerning the Offeror or its subsidiaries and
affiliates or for any failure by the Offeror to disclose events that may have
occurred and may affect the significance or accuracy of such information.
Further inquiry note:
For further information:
FTI Consulting Inc.:
+44 (0)20 3727 1000
Richard Sunderland
Claire Turvey
Richard.sunderland@fticonsulting.com
end of announcement euro adhoc
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issuer: Atrium European Real Estate Limited
Seaton Place 11-15
UK-JE4 0QH St Helier Jersey / Channel Islands
phone: +44 (0)20 7831 3113
FAX:
mail: richard.sunderland@fticonsulting.com
WWW: http://www.aere.com
ISIN: JE00B3DCF752
indexes:
stockmarkets: Wien, Luxembourg Stock Exchange
language: English