Business
Hammerson Issues £100m Bond Tap
Hammerson Issues £100m Bond Tap.
About this update from Hammerson Plc
[{"type":"text","content":"\n\nHammerson plc (\"Hammerson\" or the \"Company\")\n31 August 2023\n \nHammerson issues £100m bond tap of existing £200m bonds maturing 2028\n \nHammerson announces that further to direct demand for Hammerson bonds, it has priced a £100m increase (or \"tap\") of its existing £200m 7.25% coupon bonds maturing in 2028, resulting in an outstanding notional of £300m1. The new bonds will have the same terms and conditions as the existing bonds. The new bonds will be placed with an existing large institutional investor.\nHammerson will use the proceeds for general corporate purposes including a tender offer for its £350m 3.5% bonds maturing in 2025 and £300m 6.0% bonds maturing in 2026 that has been announced earlier today.\nThe prospectus for the new bonds, when published, will be available on Hammerson's website (www.hammerson.com/investors/shareholder-information/debt-investors) and a copy will be submitted to the National Storage Mechanism and available to the public for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanismon.\nNotes:\n1. Subject to the signing of the subscription agreement\nIMPORTANT DISCLAIMER: This announcement does not constitute an offer of any securities for sale (including, without limitation, the new bonds). The offer and sale of the new bonds may be restricted by law in certain jurisdictions. This announcement is not for release, publication or distribution in whole or in part, in, into or from any jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction.\nThe new bonds are not being, and will not be, offered or sold in the United States of America (including its territories and possessions, any state of the United States of America and the District of Columbia) (the \"United States\"). Nothing in this document constitutes an offer to sell or the solicitation of an offer to buy the new bonds in the United States or any other jurisdiction. Securities may not be offered, sold or delivered in the United States absent registration under, or an exemption from the registration requirements of, the Securities Act. The new bonds have not been, and will not be, registered under the Securities Act or the securities laws of any state or other jurisdiction of the United States and may not be offered, sold or deliv...