Carmila Announces the Launch of a Tender Offer on Its Existing Notes Maturing in May 2027, March 2028, October 2028 and April 2029, and Announces Its Intention to Issue New Notes
16 September 2024 - 6:47PM
Business Wire
Regulatory News:
Carmila (Paris:CARM) announces today the launch of a tender
offer on the following series of existing notes:
- €300,000,000 1.625 per cent. Notes due 30 May 2027 (ISIN
FR0014000T33);
- €350,000,000 2.125 per cent. Notes due 7 March 2028 (ISIN
FR0013321536);
- €500,000,000 5.500 per cent. Notes due 9 October 2028 (ISIN
FR001400L1E0); and
- €325,000,000 1.625 per cent. Notes due 1 April 2029 (ISIN
FR0014002QG3).
In parallel, the Company announces its intention to issue Euro
denominated fixed rate notes (the "New Notes"), subject to
market conditions.
The tender offer is subject to the terms and conditions set out
in the Tender Offer Memorandum dated 16 September 2024. In
particular, the offer is subject to a maximum acceptance amount of
€150,000,000, which the Company may increase or decrease in its
sole and absolute discretion, and to the pricing of the New
Notes.
These operations will enable the Company to proactively manage
and further extend the Company's debt maturity profile and optimise
its balance sheet structure.
The tender offer will run from 16 September 2024 to 4:00 p.m.
(Paris time) on 23 September 2024. The results of the offer are
intended to be announced on 24 September 2024.
INVESTOR AGENDA
17 October 2024 (after market close): Financial
information for the third quarter 2024
ABOUT CARMILA
As the third-largest listed owner of commercial property in
Europe, Carmila was founded by Carrefour and large institutional
investors in order to enhance the value of shopping centres
adjoining Carrefour hypermarkets in France, Spain and Italy. At 31
December 2023, its portfolio was valued at €5.9 billion and is made
up of 201 shopping centres, with leading positions in their
catchment areas.
Carmila is listed on Euronext-Paris Compartment A under the
symbol CARM. It benefits from the tax regime for French real estate
investment trusts (“SIIC”). Carmila has been a member of the SBF
120 since 20 June 2022.
IMPORTANT NOTICE
Some of the statements contained in this document are not
historical facts but rather statements of future expectations,
estimates and other forward-looking statements based on
management’s beliefs. These statements reflect such views and
assumptions prevailing as of the date of the statements and involve
known and unknown risks and uncertainties that could cause future
results, performance or events to differ materially from those
expressed or implied in such statements. Please refer to the most
recent Universal Registration Document filed in French by Carmila
with the Autorité des marchés financiers for additional information
in relation to such factors, risks and uncertainties. Carmila has
no intention and is under no obligation to update or review the
forward-looking statements referred to above. Consequently, Carmila
accepts no liability for any consequences arising from the use of
any of the above statements.
This press release is available in the
“Funding” section of Carmila’s Finance webpage:
https://www.carmila.com/en/finance/funding/
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240916937496/en/
INVESTOR AND ANALYST CONTACT Pierre-Yves Thirion - CFO
pierre_yves_thirion@carmila.com +33 6
47 21 60 49
PRESS CONTACT Elodie Arcayna – Corporate Communications
Director elodie_arcayna@carmila.com
+33 7 86 54 40 10
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