Intention to issue new notes, Tender offer launch

About this update from Globalworth Real Estate Investments Limited

[{"type":"text","content":"\n \n \n RNS Number : 4703T\n Globalworth Real Estate Inv Ltd\n 20 July 2020\n  \n \n \n \n 20 July 2020\n \n \n  \n \n \n NOT FOR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD BE UNLAWFUL.\n \n \n  \n \n \n This 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 \n \n  \n \n \n The 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 \n \n  \n \n \n Manufacturer target market (MIFID II product governance) will be eligible counterparties and professional clients only (all distribution channels). No PRIIPs key information document (KID) has been prepared as not available to retail in EEA or the United Kingdom.\n \n \n  \n \n \n  \n \n \n Globalworth Real Estate Investments Limited\n \n \n (\"Globalworth\" or the \"Company\")\n \n \n  \n \n \n Announcement of intention to issue New Notes under its €1.5 billion EMTN programme\n \n \n and\n \n \n Launch of cash Tender Offer for Outstanding Notes due 2022\n \n \n Highlights\n \n \n · \n Globalworth (AIM: GWI),\n a leading real estate investment company focused on the CEE region,\n proposes to issue new notes under its existing €1.5 billion Euro Medium Term Note Programme (the \"New Notes\")\n \n \n · \n The New Notes are expected to be admitted to the Official List of the Irish Stock Exchange plc, trading as Euronext Dublin and to trading on its regulated market\n \n \n · \n The proceeds of the New Notes will be used, among other things, to optimise and extend the debt maturity profile of the Group and redirect Globalworth's financing resources toward green projects\n \n \n · \n Globalworth also proposes to make a tender offer to the holders of its outstanding €550,000,000 2.875% notes due 2022\n \n \n  \n \n \n Issuance o...

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