Wereldhave - Withdrawal of Offering of up to EUR 220 million 5-year Convertible Bonds and concurrent Open Market Repurchase

        Print
| Source: Wereldhave

Withdrawal of Offering of up to EUR 220 million 5-year Convertible Bonds and concurrent Open Market Repurchase of EUR 230 million 2.875% Convertible Bonds due 2015 via a Reverse Bookbuilding

 

Wereldhave has decided not to proceed with the Open Market Repurchase of EUR 230 million 2.875% Convertible Bonds due 2015 and Offering of up to EUR 220 million 5-year Convertible Bonds due 2018. Holders of the Convertible Bonds have been approached to consider an open market repurchase and the concurrent issue of new bonds. It has been concluded that there was insufficient interest for the combined transaction. Wereldhave will continue to explore refinancing options in order to optimize its debt maturity profile at attractive terms for its shareholders.

 

Contacts:

 

ABN AMRO Bank N.V.
Gustav Mahlerlaan 10
PO Box 283 (HQ 7050)
1000 EA Amsterdam
The Netherlands
 
Telephone:    +31 20 628 8044
Attention: Head of ECM Syndicate (Chris van Eeghen)
Group Email:  chris.van.eeghen@nl.abnamro.com
Barclays Bank PLC
5 The North Colonnade
Canary Wharf
London E14 4BB
United Kingdom
 
Telephone: +44 207 773 8990
Attention: Liability Management
Group Email: eu.lm@barclays.com
UBS Limited
One Finsbury Avenue
London EC2M 2PP
United Kingdom
 
Telephone: +44 (0)20 7567 0525
Attention: Liability Management Group
Email: mark-t.watkins@ubs.com
 

 

Dated  November 25 2013

 

 

Information for the Press: Information for Analysts:
Wereldhave N.V.
Richard W. Beentjes
E richard.beentjes@wereldhave.com
T +31 20 702 78 00
Wereldhave N.V.
Jaap-Jan Fit
E jaapjan.fit@wereldhave.com
T +31 20 702 78 43