Business
Update on financing
Update on financing.
About this update from Sirius Real Estate Limited
[{"type":"text","content":"\n \n \n \n RNS Number : 3097B\n Sirius Real Estate Limited\n 09 June 2021\n \n \n \n SIRIUS REAL ESTATE LIMITED\n (Incorporated in Guernsey)\n Company Number: 46442\n JSE Share Code: SRE\n LSE (EUR) Share Code: ESRE\n LSE (GBP) Share Code: SRE\n ISIN Code: ISIN GG00B1W3VF54\n \n 9 June 2021\n Sirius Real Estate Limited\n (\"Sirius\" or the \"Company\")\n Update on financing\n \n Sirius Real Estate, the leading operator of branded business and industrial parks providing conventional space and flexible workspace in Germany, announces that it is assessing the opportunity to issue senior unsecured bonds, as part of a broader strategy to move to a funding structure more balanced between secured and unsecured debt.\n Any proceeds of a bond issue would be used for the refinancing of secured debt and to fund potential asset acquisitions. Sirius has recently obtained a BBB rating from Fitch with a stable outlook.\n \n Sirius CFO, Alistair Marks, commented: \"A move towards more unsecured debt funding would have many benefits for Sirius including increasing operational flexibility through the creation of a much larger pool of unencumbered assets as well as enhancing our funding efficiency going forward.\"\n \n ENDS\n \n For further information: \n \n \n Sirius Real Estate\n \n \n Andrew Coombs, CEO / Alistair Marks, CFO \n \n \n +49 (0) 30 285010110\n \n \n \n \n \n \n FTI Consulting\n \n (Financial PR)\n \n \n Richard Sunderland / Claire Turvey / James McEwan / Talia Jessener\n \n \n +44 (0) 20 3727 1000\n \n \n [email protected] \n \n \n \n NOTES TO EDITORS\n \n \n About Sirius Real Estate\n \n \n Sirius is a property company listed on the main market and premium segment of the London Stock Exchange and the main board of the JSE Limited. It is a leading operator of branded business parks providing conventional space and flexible workspace in Germany. The Company's purpose is to create and manage optimal workspaces that empower small and medium-sized businesses to grow, evolve and thrive. Sirius seeks to unlock the potential of its people, its properties, and the communities in which it operates, so that together we can create sustainable impact, and long-term financial and social value.\n \n \n \n \n \n The Company's core strategy is the acquisition of business p...