Exchange Offer for Outstanding Notes 2025 and 2026

About this update from Globalworth Real Estate Investments Limited

[{"type":"text","content":"\n\n28 March 2024\n \nNOT FOR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD BE UNLAWFUL.\n \nThis announcement shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities referred to herein in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.\n \nThe information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this information is considered to be in the public domain.\n \nManufacturer target market (MIFID II and UK MiFIR product governance) will be eligible counterparties and professional clients only (all distribution channels). No PRIIPs or UK PRIIPs key information document (KID) has been prepared as not available to retail in EEA or the United Kingdom.\n \nGlobalworth Real Estate Investments Limited\n(\"Globalworth\" or the \"Company\")\n \nLaunch of Exchange Offer and Consent Solicitation for Outstanding Notes due 2025 and 2026 to be exchanged with New Green Notes due 2029 and 2030\nHighlights\n·      Globalworth (AIM: GWI), a leading real estate investment company focused on the CEE region, proposes to make an exchange offer to the holders of its €550,000,000 3.00% Senior Notes due 2025, of which €450,000,000 are outstanding (the \"2025 Notes\") and €400,000,000 2.95% Senior Notes due 2026, all of which are outstanding (the \"2026 Notes\" and together with the 2025 Notes, the \"Existing Notes\") to offer for exchange any and all of their Existing Notes for the applicable exchange consideration consisting of senior notes due 2029 and senior notes due 2030 to be issued (collectively, the \"New Notes\") and/or cash (as applicable) (the \"Exchange Offer\");\n·      Globalworth also proposes to solicit consents from the holders of its Existing Notes to certain proposed amendments to the terms of the Existing Notes, to implement a mandatory exchange of the Existing Notes and align their terms with the terms and conditions of the N...

More updates from Globalworth Real Estate Investments Limited