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Aggregate Holdings SA successfully places EUR 400 million Senior Bond

Aggregate Holdings SA successfully places EUR 400 million Senior Bond

Aggregate Holdings SA successfully places EUR 400 million Senior Unsecured Bond via exchange and open offer

THE INFORMATION CONTAINED HEREIN IS NOT INTENDED FOR PUBLICATION OR DISTRIBUTION TO OR WITHIN THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA OR JAPAN.

• Successful placement of EUR 400 million bond with investors via exchange and open offer
• Unrated senior bond with coupon of 6.875% issued at par
• Five year term with maturity in 2025
• Net proceeds to be primarily used for the refinancing of the existing EUR 350m notes due 2021 as well as for general corporate purposes and investment opportunities

Luxembourg, 30 October 2020 : Aggregate Holdings SA (“Aggregate”) successfully issued a senior bond with a total nominal amount of EUR 400,000,000. The bond was underwritten by Deutsche Bank and Santander and placed with institutional investors today, through a combination of an exchange offer and a new issue. The EUR 400m bond has been issued at par with a 6.875% p.a. coupon and a maturity of five years (due November 2025). EUR 282,942,000 of the existing EUR 350m notes due 2021 were tendered for exchange in to the new bond.

The net proceeds from the issue will be used for the refinancing of the remaining outstanding portion of the EUR 350m notes due August 2021, general corporate purposes and investment opportunities.

The bonds are governed by German law and are expected to be listed on the Euro MTF Market of the Luxembourg Stock Exchange.

Benjamin Lee, CFO of Aggregate, commented : “Throughout the process, we had very good institutional investor feedback reflecting on the strength of our asset base and the future potential of the company. We look forward to engaging with investors going forward as the company delivers on its milestones.”

Contact
info@aggregateholdings.com

About Aggregate Holdings
Aggregate Holdings SA (“Aggregate”) is a predominantly German-focussed real estate investment company, with interests also in Portugal. The company has €3.6bn of assets and a €6.8bn gross development value project portfolio over three divisions. The Build-to Hold Division contains Quartier Heidestrasse, the largest real estate development in Central Berlin with over 230,000 sqm of gross lettable area, which is due to be fully completed by 2023. The Build-to-Sell division contains VIC, the largest developer in Portugal, with two developments on the Lisbon waterfront and a development near to Comporta, just south of Lisbon on the coast. The flagship Prata project will have first completions in 2020, with full completion in 2023. The Financial Real Estate assets division includes the 22.5% strategic stake in Adler as well as other real estate assets.

Disclaimer
This document and the information contained herein are for information purposes only and do not constitute a prospectus or an offer to sell, or a solicitation of an offer to buy, any securities in the United States. Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States absent registration or pursuant to an available exemption from registration under the Securities Act.
This document does not constitute an offer document or an offer of securities to the public in the U.K. to which section 85 of the Financial Services and Markets Act 2000 of the U.K. applies and should not be considered as a recommendation that any person should subscribe for or purchase any securities as part of the Offer. This document is being communicated only to (i) persons who are outside the U.K.; (ii) persons who have professional experience in matters relating to investments falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “Order”) or (iii) high net worth companies, unincorporated associations and other bodies who fall within article 49(2)(a) to (d) of the Order (all such persons together being referred to as “Relevant Persons”). Any person who is not a Relevant Person must not act or rely on this communication or any of its contents. Any investment or investment activity to which this communication relates is available only to Relevant Persons and will be engaged in only with Relevant Persons. This document should not be published, reproduced, distributed or otherwise made available, in whole or in part, to any other person without the prior consent of the Company.
This document contains forward-looking statements. These statements are based on the current views, expectations, assumptions and information of the management of the Company. Forward-looking statements should not be construed as a promise of future results and developments and involve known and unknown risks and uncertainties. Actual results, performance or events may differ materially from those described in such statements due to, among other things, changes in the general economic and competitive environment, risks associated with capital markets, currency exchange rate fluctuations, changes in international and national laws and regulations, in particular with respect to tax laws and regulations, affecting the Company, and other factors. The Company does not assume any obligations to update any forward-looking statements.

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