Business Daily Media

Men's Weekly

.

Unibail-Rodamco-Westfield announces the successful placement of U.S.$1.0 Bn of bonds

  • Written by ACN Newswire
Paris, Amsterdam, Sept 13, 2018 - (ACN Newswire) - Unibail-Rodamco-Westfield priced its first Senior Fixed Rate Notes in the United States market. The two-tranche bond issuance is offered and sold in accordance with the Rule 144A and Regulation S of the US Securities Act and comprises the following:

- A $500 Mn bond with a 10-year maturity and a 4.125% fixed coupon;- A $500 Mn bond with a 30-year maturity and a 4.625% fixed coupon.

The placement is approximately 2x oversubscribed. The proceeds of this issuance will be used to repay outstanding borrowings under the Groups US revolving credit facility and for general corporate purposes.

The bonds have been rated A2 (stable) and A (stable) by Moody's and S&P respectively.

For further information, please contact: Investor Relations Samuel WarwoodMaarten Otte +33 1 76 77 58 02 [email protected][1]

Media Relations Nathalie Feld +33 1 76 77 57 94 [email protected][2]

About Unibail-Rodamco-Westfield

Unibail-Rodamco-Westfield is the premier global developer and operator of flagship shopping destinations. With a portfolio valued at EUR63.7 Bn as at June 30, 2018, of which 86% in retail, 8% in offices, 5% in convention & exhibition venues and 1% in services. 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 on 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 EUR12.5 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 A2 rating from Moody's.

For more information, please visit www.urw.comVisit our Media Library at www.mediacentre.urw.com[3][4]

20180913 URW 144A placement: http://hugin.info/136618/R/2215869/865264.pdf [5]

Topic: Issue of Stocks/Bonds http://www.acnnewswire.com From the Asia Corporate News Network

Copyright © 2018 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

References

  1. ^ [email protected] (www.acnnewswire.com)
  2. ^ [email protected] (www.acnnewswire.com)
  3. ^ www.urw.com (www.urw.com)
  4. ^ www.mediacentre.urw.com (www.mediacentre.urw.com)
  5. ^ http://hugin.info/136618/R/2215869/865264.pdf (hugin.info)

Read more http://www.acnnewswire.com/press-release/english/46238/

Leonardo.Ai reveals new brand, expanding its creator-first platform for the next era of generative AI

The company has also launched its developer API to empower creators and builders to integrate AI into their workflows SYDNEY, Australia – 19 Febr...

Psychosocial injury risk starts inside workplace microcultures

Psychological injury is now one of the most expensive categories of workers compensation claims in Australia, with Safe Work Australia reporting t...

2025 Thryv Business and Consumer Report - Australian small businesses show grit under pressure

Australia’s small businesses are powering ahead with optimism, resilience and discipline, however, mounting pressures on costs, wellbeing and cons...

Security by Default: Why 2026 Will Force Organisations to Rethink Cloud and AI

financial accountability to how they run cloud and AI, according to leading Australian systems integrator, Brennan. Based on customer insights...

UNSW launches plan to help Aussie startups scale overseas

UNSW Launches Global Innovation Foundry to Scale 100 Australian Startups Internationally New initiative provides startups and spinouts with direc...

Payroll Under Pressure: Why Mid-Sized SMEs Struggle to Keep Pay Accurate

A year after wage theft reforms came into effect, Australian businesses have increased their focus on payroll compliance, but confidence in pay accu...